China's May exports of key oil products fall 22% on month to 3.8 million mt

摘要

China's exports of key oil products fell 21.6% in May,preliminary data from the General Administration of Customs,or GAC,showed on June 18.The month-on-month fall in exports came as the major oil companies held more stocks at home to cater to domestic demand amid limited availability of export quotas and record-high crude throughput,market sources and analysts said.The country exported a combined 3.8 million mt of gasoline,gasoil and jet fuel in May,down from 4.85 million mt in April and the 11-month-high of 5.08 million mt in March,the data showed.