Beijing’s focus on energy security to undermine Chinese fuel outflows, refiners’ export earnings

China’s gasoline and gasoil exports are likely to remain muted in June as Beijing is hesitant to release oil products export quotas in large quantities because of the government’s strong focus on domestic energy security in the wake of surging oil prices, market analysts and refinery trading sources told S&P Global Commodity Insights. Beijing is keen to keep the country’s…