South Korean oil refiners are expected to benefit from China\'s move to increase fuel imports to help tackle an expected summer power shortage, a report said Wednesday. Starting from Friday, China will cut import duties for diesel and jet kerosene to zero percent and those for gasoline to 1 percent, an apparent move to boost imports of the fuel. The world\'s No. 2 economy is expected to face a power crunch as power demand usually rises during the summer.
GMT 12:08 2017 Tuesday ,19 December
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Oil up on market rebalancing, but analysts warn OPEC must keep supply cutsMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©