China likely to issue 5 mil mt oil product export quotas in second batch of 2022: sources
China is likely to issue 5 million mt (39.75 million barrels) of quotas in its second batch for exporting gasoline, gasoil and jet fuel in 2022, indicating tight allocations of the country’s outflow in the third quarter, refining, trading sources and analysts told S&P Global Commodity Insights on July 6. The new allocation would lift the total quota volume to…