China's Net Fuel Exports Tumble After Fuel Price Freeze: ChartBloomberg News
Oil refiners across Asia may get some relief as China’s net product exports -- a measure that strips out imports -- fell 76 percent in January from the previous month to the lowest since June. The drop comes amid speculation refiners chose to sell more fuel at home after the government stopped cutting domestic prices. The decline is also partly due to cold weather last month that boosted domestic demand, according to Citigroup Inc. The slowdown may ease pressure on regional refining margins after the record amount of diesel, kerosene and gasoline China shipped abroad last year.
— With assistance by Jing Yang