China cuts Sept exports to feed pent-up oil demand

Newswire

By Felicia Loo SINGAPORE, Aug 29 (Reuters) - Chinese refiners will slash gasoline and diesel exports in September despite restricted domestic prices, succumbing to government pressure to keep more supplies at home to feed pent-up demand, industry sources say. The sharp reduction in shipments coupled with the biggest naphtha imports in two years could spell the beginning of a rebound in apparent demand from the world's second-biggest consumer, whose consumption growth has wobbled this ...

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