China to Turn Into Net Diesel Importer, JPMorgan Says
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China may become a net importer of diesel in November as new supplies are brought into the country to meet rising domestic demand, JPMorgan Chase & Co. said.
Diesel fuel imports will rise “significantly” as the country tries to refill declining stockpiles and alleviate shortages at service stations, according to a report by Brynjar Eirik Bustnes yesterday. The jump in new outside supplies may be “short-lived” as refiners return from maintenance.