Chinese Gasoline Heads to New York
Chinese gasoline will reach the U.S. East Coast for the first time in nine years as a surge in New York prices helps ease a glut in Asia.
Trafigura Group Pte. is said to be shipping about 375,000 barrels of gasoline to New York from China and Hong Kong aboard the tanker Marylebone,According to MANA, Chinese gasoline exports reached a record 306,000 barrels a day in June.