China will raise retail gasoline and diesel prices by between 6 and 7 percent from Tuesday, marking the biggest increase in 33 months, a move that… China’s thirst for high-octane gasoline is a bright spot for European refiners and offers a taste of global oil demand growth next year. While U.S. gasoline demand traditionally eases after the peak summer driving season, Chinese buying of blending components used to upgrade gasoline to high-quality Euro V standard has remained strong, helping to power a recovery in cracks despite widespread expectations of a crash. Tankers carrying around 1.4 million tonnes of mixed aromatics including reformate and toluene have been booked to load from the middle of September to early November out of Europe to China, according to shipping […]