WRAPUP 1-China's diesel, petrol export boom extends to May

Newswire

By Chen Aizhu SINGAPORE, April 22 (Reuters) - China's diesel and gasoline export frenzy is set to extend into its third month in May as rising domestic production outpaces easing demand growth, state oil traders said on Friday. Fuelling the rare trend is Beijing's cap on domestic retail oil products below global benchmarks, which has led to big losses at Chinese refineries and stoked speculation that the government might soon raise diesel prices if crude held above $50 a barrel. State ...

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