China has allocated a fresh round of oil product quotas in an effort to cut bulging domestic stocks, a move that could potentially add a stream of cargoes to an already oversupplied overseas market that is struggling to recover due to the demand destruction it witnessed because of COVID-19. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Sources with knowledge of the matter said Nov. 21 that the Ministry of Commerce has issued a third round of oil product export quotas for 2020 totaling 3 million mt under the general trade route to CNPC, Zhejiang Petroleum & Chemical and China North Industries Corp., or Norinco. The new allocations would allow quota holders to export gasoline, gasoil […]