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Private oil product inventories slip 4% to 152,000mt Tue

Increase font size  Decrease font size Date:2011-08-25   Views:561
Commercial oil product inventories of private traders in China added up to 155,000mt up till Aug 16, down by 3,000mt or 4% from two weeks ago, C1's research found.

The inventories were 80,000mt for gasoline, up by 1,000mt; gasoil inventories fell by 4,000mt to 75,000mt.

The traders reduced gasoil stocks with pessimistic expectations on the late-August market as international crude prices slumped in early August, market sources said.

C1's research involves private oil terminals in 17 provinces and municipalities with storage capacities aggregating 330,000mt for gasoline and 340,000mt for gasoil.
 
 
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