peak

Oil & Gas

China’s gasoline net export hits peak

21/11/2014

China’s net exports of gasoline last month rose to the highest rate in more than four years as refiners in the world’s second-largest oil consumer boosted production to a record. Overseas sales exceeded imports by 674,360 metric tons in October, according to figures e-mailed by the General Administration of Customs today. That’s highest since April 2010 and more than double from September, data compiled by Bloomberg show. It’s equivalent to 184,000 barrels a day. Gasoline is used in cars and planes, said the customs agency in Beijing.

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