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China's Q4 oil product export quota signals a change in market dynamics

China's Q4 oil product export quota signals a change in market dynamics

FromOil Markets


China's Q4 oil product export quota signals a change in market dynamics

FromOil Markets

ratings:
Length:
19 minutes
Released:
Oct 20, 2022
Format:
Podcast episode

Description

Oil product market sentiment in Asia has been volatile due to the larger-than-expected Q4 exports from China. The uncertainty saw the region’s best-performing product crack for the year -- ULSD --  falling by a record 30% in just two trading sessions in the first half of September. As trading sentiment slowly recovers, the Asian oil market has to adjust to the expected increase in oil products from China over the next few months amid gloomy macroeconomic scenario.   In a discussion, S&P Global Commodity Insights' experts Jonathan Nonis, Oceana Zhou, Su Yeen Cheong, and Zhuwei Wang talk about the impact of China’s Q4 oil products export this late in the year and what it means going forward. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts Gasoline Unl 92 FOB Spore Cargo (PGAEY00), Platts Gasoil FOB Spore Cargo (POABC00) and much more.
Released:
Oct 20, 2022
Format:
Podcast episode

Titles in the series (100)

S&P Global Commodity Insights analysis of key oil price movements across the globe.