- Second batch of quota likely less than 10 mil mt for key products.
- Exporting companies prefer to save quotas amid better margins at home.
- Fuel oil exports quota likely to hit 15 mil mt for 2021.
A recent Platts news report by Analyst Oceana Zhou and Analyst Daisy Xu says that China likely to cut key oil product exports in 2021 by slashing quotas.
Oil products to be stoppedChina is likely to cap its key oil product exports — gasoline, gasoil and jet fuel — in 2021 by slashing quota allocation...