PetroChina’s anticipated oil product export quota squeeze raises inventory concerns

Capt. John

PetroChina’s oil product export quotas in the second batch allocations may fall to 2.8 million mt, a company source told S&P Global Platts on Aug. 2, raising fears that the state-run firm may struggle to cut inventories, while keeping run rates at relatively lower levels. The state-owned oil giant has been running out its quotas …

The post PetroChina’s anticipated oil product export quota squeeze raises inventory concerns first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/petrochinas-anticipated-oil-product-export-quota-squeeze-raises-inventory-concerns/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon