CHINA DATA: Key oil product exports slump to 7-year low of 1.58 mil mt in June

China’s gasoil, gasoline and jet fuel exports in June dropped to a seven-year low of 1.58 million mt, or 426,000 b/d, data released by the General Administration of Customs July 18 showed, despite new quota allocations. The June volume represented a 66.7% year-on-year slump and a 10.7% month-on-month decline, far below the market’s estimation of up to 3 million mt….