China on course to reduce light ends output amid weak petrochemical demand

China is on course to increase middle and residual distillate yields further in coming months as slumping petrochemical sales reduce demand for light end products like naphtha, refining sources and analysts told S&P Global Commodity Insights Aug. 25. The country’s jet/kerosene, gasoil and fuel oil yields comprised 39.7% of oil product output in July, up from 34.9% a year earlier…