Flow of unwanted fuel from China set to turn into deluge

Seoul

THE pace at which China exports the fuel it doesn't want is set to jump by more than four times in 2018, according to the nation's biggest energy producer.

That's a harbinger of bad news for processors in the rest of Asia - from South Korea to Japan and India - who now have to contend with higher crude prices as well as the threat of the flood dragging down refining margins.

Government-issued quotas to sell oil products abroad may also expand this year in order …