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Latest Analysis / Short-term Global Oil Service

Fuel Oil Foresights #96 - Why is China shifting gears from transport fuels to VLSFO production?

Published: 25 July, 2022

Highlights:

Market Feature – Why is China shifting gears from transport fuels to VLSFO production?
  • China’s year-to-date VLSFO export quotas for bonded sales have already surpassed the total amount granted last year by 0.9 mmt or 7.6%. On the other hand, transport fuel export quotas are 39.6% lower y- ...

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