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China’s export tax rebate cut may tighten Asian middle distillate supply, support cracks

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This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025. Asian clean oil product traders widely anticipate that Chinese refiners will curtail exports in the coming quarters due to reduced export tax incentives, potentially tightening the regional supply-demand balance and improving crack ...

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