China about to Drown Asia in Diesel

China is panting under a major glut of oil products that it is planning to dump on the regional market. That's a problem for other refiners, I gather, because of high oil prices that are already undermining their margins. What I don't seem to be able to grasp is why is China also predicting a rise in crude oil demand this year if it has a glut of products. I mean, crude is not exactly widely used in its unrefined form, is it?

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0