Further evidence of China being grumpyThey are making a point...this will pass...they know they can't suppress their economy for long...they are purposely slashing drivers...this is just market manipulation and who knows at what point it reverses and jumps back up...some will try to time it though
Chinas Oil Product Exports Plunge As Quotas Are Slashed
Chinese exports of gasoline and diesel plunged in July compared to June, after China slashed the quotas of authorized exports of refined petroleum products, according to data from the General Administration of Customs quoted byReuterson Wednesday
https://oilprice.com/Latest-Energy-News/World-News/Chinas-Oil-Product-Exports-Plunge-As-Quotas-Are-Slashed.html