China’s diesel exports set to climb after averting supply crisis, domestic stock ‘to build over winter’

China has averted a full-scale diesel crisis after refiners quickly ramped up production, with excess supply poised to flow into a regional market starved of the industrial fuel.Top processors China National Petroleum Corporation and China Petroleum & Chemical Corporation, better known as Sinopec, started boosting production in September under government coordination as demand surged following a broader energy crunch.While some fuel retailers were forced to ration diesel volumes and at least…

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