Unipec May Halt Diesel Exports in April to Build Inventories
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China International United Petroleum & Chemical Corp., the nation’s biggest oil trader, may halt diesel exports this month to build inventories, said two company officials with knowledge of the plan.
Unipec, as China International is known, has been cutting exports to meet domestic demand, said the officials, who declined to be identified because of company rules. The trading company reduced diesel exports to 70,000 tons in March from 80,000 tons in February.