China's uneven economic recovery and what it means for oil in Asia
Oil Markets
00:00
The Uneven Recovery in China's Oil Product Exports
There's a government issued quarter on Chinese oil product exports, which the cap is currently at 19 million metric tons. So following the ease, do you think we can expect more oil product export quotas to be issued by the Chinese government? I think that an even girl will lead Chinese refineries to adjust their product yield first. Adjusting the product yield is the first such solution to meet the domestic demand and also to ensure that there's a surplus in the domestic market.
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