China’s oil product exports are expected to rise by 31.7% year on year to around 54.7 million mt in 2021, as the recovery in the jet fuel market and an improving macro-economic outlook worldwide post COVID-19 supports demand, a report from the Economics and Technology Research Institute, or ETRI, a part of China’s state oil company China National Petroleum Corp., said on April 16. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The increase will be a welcome reprieve to the China’s oil product export markets after the country’s exports dropped sharply 17.4% on the year to 41.52 million mt in 2020, primarily due to slump in jet fuel demand. Total exports of jet fuel almost […]