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China under pressure to export more refined products after Q2 oil shopping spree

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Listen: China under pressure to export more refined products after Q2 oil shopping spree

  • Featuring
  • Oceana Zhou    Mark Tan
  • Commodity
  • Oil
  • Length
  • 09:36
  • Topic
  • Coronavirus and Commodities

While the rest of the world is still on a relatively slow recovery phase, China's crude imports and throughput levels are hitting record highs. Its GDP has flipped back to positive territory with a 3.2% growth the second quarter, from a 6.9% decline in the first quarter. S&P Global Platts senior oil analyst Oceana Zhou and associate editor Mark Tan talk about the facts behind these historical highs and the impact they could have on Asia's still fragile oil markets.