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Raised Chinese oil quotas bode well for product tanker

China raises quotas for refined oil products significantly compared to the start of 2022, following slow domestic demand, consultancies state to Reuters. That is all good news for tanker carriers.

Tanker vessels at a Sinopec export terminal in central China. | Photo: China Stringer Network/Reuters/Ritzau Scanpix

by DANIEL LOGAN

Exports of oil products out of China are bumped up a notch at the start of 2023.

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