Japan’s Gasoil Exports to Reach Record as Refinery Output Rises
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Gasoil exports from Japanese refiners may rise to a record this month after plants return from maintenance and boost processing amid increased demand for fuel as temperatures soar.
Exports are forecast to climb at least 15 percent from a year earlier, exceeding a previous high of 1.44 million kiloliters set in August 2008, according to a Bloomberg News survey of four refinery officials in Tokyo. Processors are making more gasoil as they ramp out gasoline output to meet summer demand.