Chinese Oil
Used cooking oil the new black gold as it rides biofuel demand, limited supply
Europe is the largest consumer of the feedstock globally, but regulatory uncertainty in US, Europe still a hurdle
China’s diesel exports fall to lowest level since mid-2023
Its refiners are expected to reduce diesel exports by more than 30% in October, amid a slowdown in the country’s growth and decarbonisation efforts
China asks state companies to add 60 million barrels of oil to reserves
The country’s strategic petroleum reserves stand at 290 million barrels, an analytics company estimates
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