China’s lagging industrial activity leads to higher gasoline, gasoil exports in May

China’s oil product exports rose sharply in May with resumption in gasoil sales to Europe and several rare gasoline shipments made within the Asian market amid growing need for some destocking activity due to tepid industrial fuel demand at home, market participants said June 21-22. Chinese oil companies exported 598,000 mt, or around 4.49 million barrels, of gasoil in May,…