China’s gasoline, gasoil exports to continue as COVID-19 hits domestic demand

China’s oil companies are likely to continue exporting gasoline and gasoil in April to ease bulging inventories at home, as the resurgence of the COVID-19 pandemic takes a toll on domestic demand, market sources told S&P Global Commodity Insights on March 28. Market sources said refiners may not have much option other than shipping cargoes overseas, and the supply situation…