KONTAN.CO.ID - BEIJING. China's April fuel oil imports surged further from the prior month, almost hitting a decade-high, while exports of low-sulphur marine fuels plunged from March, General Administration of Customs data showed on Saturday. Total fuel oil imports last month jumped almost three times from a year earlier to 2.67 million tonnes, a level not seen since May 2013. "The ongoing crackdown on cargoes mislabeled as 'diluted bitumen' could keep fuel oil as the preferred alternative feedstock for smaller independents without crude import quotas," said consultancy FGE late Friday.
China's April Fuel Oil Imports Rise Further to Decade-High
KONTAN.CO.ID - BEIJING. China's April fuel oil imports surged further from the prior month, almost hitting a decade-high, while exports of low-sulphur marine fuels plunged from March, General Administration of Customs data showed on Saturday. Total fuel oil imports last month jumped almost three times from a year earlier to 2.67 million tonnes, a level not seen since May 2013. "The ongoing crackdown on cargoes mislabeled as 'diluted bitumen' could keep fuel oil as the preferred alternative feedstock for smaller independents without crude import quotas," said consultancy FGE late Friday.