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BIMCO: China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at China's crude inventory expansion during the first three quarters of 2023, which is estimated at 0.7 million barrels per day. These increased inventories could allow China to maintain strong exports of refined products even if crude oil imports are lowered. 

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