China net fuel exports down 76% month-over-month
China’s net fuel product exports fell 76% in January from the final month of 2015 to 350,000 metric tons, the lowest level since June, according to Bloomberg. China’s net exports reached the seven-month low as refiners chose to sell more fuel at home after the government stopped cutting domestic prices.

The government had previously been lowering fuel prices when crude traded below $40 per barrel, supporting gasoline and diesel above levels typically seen in international trading. The dec...

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