Tag Archives for " refined petroleum products exports "

China’s crude oil import surge being refined and exported rather than implying rising domestic demand

If unplanned outages from Canada and Nigeria (of approx -2mb/d) have provided the supply side contraction behind the rebound in crude prices, China’s PBOC credit injection of $1tn in Q1 has helped to deliver the demand side component, which along with ECB and BoJ NIRP, have also helped keep the record levels of global inventories […]

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