Stronger export margin, slow domestic demand support China’s Aug gasoil outflow jump
Stronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year high, refinery sources with knowledge about the matter and analysts said on Aug. 4. At the same time, Chinese refineries are likely to cut gasoline…