ASIA

Sinopec exports drop 37% due to high domestic demand

Chinese oil and gas traders have confirmed Sinopec Corp's November exports of 75,000 tonnes of sp...

Sinopec exports drop 37% due to high domestic demand

Furthermore, other traders are expecting that December will show more falls in oil gas exports. According to a Singapore-based trader, "The December export volumes are likely to fall from November as China will have to build up stocks in preparation for winter."

Sinopec Corp, China's largest refiner, has yet to finalise its December forecasts for gas and oil exports.

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