China’s Diesel Exports Rise to Three-Year High as Demand Weakens
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China’s diesel exports rose to the highest level in almost three years in March and gasoline shipments climbed to a one-year high amid the nation’s weakest domestic oil demand in five months.
Overseas sales of diesel exceeded imports by 394,851 metric tons, figures e-mailed by the General Administration of Customs today show. That’s equivalent to 95,800 barrels a day, the most since July 2010, according to data compiled by Bloomberg. Net gasoline exports climbed to 506,110 tons, or about 138,000 barrels a day, the most since March 2012.