China’s surprise consumption tax move creates room for additional crude inflows

Capt. John

China’s surprise move to slap a consumption tax on imports of light cycle oil and mixed aromatics will force refiners to boost output of these products at home, which could lead them to ship in incremental crude oil cargoes as well as divert some feedstock from other oil products. Analysts said a...

https://www.hellenicshippingnews.com/chinas-surprise-consumption-tax-move-creates-room-for-additional-crude-inflows/

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