China's Higher Refinery Runs May Boost Diesel Exports to Record
- Crude refining rises to 10.48 million b/d, highest since June
- Diesel exports may surge to record to alleviate high inventory
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China’s diesel exports may surge to a record in the coming months as refinery output increases while domestic demand growth for the fuel slows.
The nation’s diesel shipments might have risen to a record last month, topping the previous high in June of 670,000 tons, and may climb to 1 million tons a month in the fourth quarter, according to ICIS China, a Shanghai-based commodity researcher. China is scheduled to release August diesel export data next week.