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China awards 760,000 mt gasoline, 1.3 mil mt gasoil in latest export quota - Platts

Gasoil News - Published on Wed, 05 Dec 2018

Image Source: Reuters
Platts reported that China’s latest round of oil product export quotas for the rest of this year will comprise 760,000 mt for gasoline, 1.3 million mt for gasoil and 110,000 mt for jet fuel, market sources said. “The breakdown is based on oil companies’ application and the official approval is expected to be released soon,” said a Beijing-based source with knowledge of the matter. The latest round brings to total, 2.31 million mt of quotas available for gasoline exports over November-December, 3.17 million mt for gasoil and 4.23 million mt for jet fuel.

S&P Global Platts reported previously, Beijing gave verbal notices to five state-owned oil companies that they have been allocated new export quotas for oil product exports, totaling 2 million mt, without providing a breakdown.

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Posted By : Joykumar Irom on Wed, 05 Dec 2018
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