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China's Diesel, Gasoline Exports Surge to Ease Domestic Glut

  • Diesel shipments in first half jump 21% to almost 328,500 b/d
  • Gasoline exports rise 8% in first half to nearly 222,000 b/d
Employees conduct routine checks at a gas storage in Suining, Sichuan province.

Employees conduct routine checks at a gas storage in Suining, Sichuan province.

Photographer: Zhongmin/Corbis via Getty Images
By
Bloomberg News

China’s diesel and gasoline exports surged in the first half of the year as a domestic supply glut and slowing demand growth prompted refiners to sell more fuel abroad.

Diesel shipments jumped almost 21 percent in the first six months compared to the same period a year ago, averaging about 328,500 barrels a day, according to Bloomberg calculations based on data posted Sunday on the website of the General Administration of Customs. Gasoline exports rose 8.1 percent, averaging nearly 222,000 barrels a day.