China has become a industry overcapacity. Yield increase and trucking to reduce forcing China to sell a lot of diesel on the world market. , according to a report in the UK, this structural shift may weaken the return of Asia and the Middle East oil refining enterprises including Saudi aramco, after the expansion of the refiner for many years, to meet the needs of China as a net importer of fuel oil.

     Reported that an oil refinery in kunming, in southwestern China, after the production of its annual output can reach 10 million tons this year, China is expected to almost half of all new capacity, make existing further expansion is estimated to be 100 million tons of excess capacity.

     According to the China petroleum institute of economic and technical data, at the end of last year China's refining capacity of 710 million tons.

     Reported that although diesel demand (a decrease in demand for coal and railway transport conditions to improve to reduce the number of heavy trucks carrying coal) all over the country, but other refineries in China is to increase production. With many refineries in diesel yield maximization as the goal, when the design so they must keep high utilization, to keep the production of gasoline and jet fuel level remains the same.

     As a result, a lot of diesel oil into the Asian market. Daily diesel exports peaked in April, more than 300000 barrels a day, march break just export record.

    "China is in the past few decades the main motors of the diesel oil demand growth, but now has become a net exporter of diesel, aggravated the excess supply of global oil market," the United States energy information administration (EIA) said in a recent report. It is in the international energy agency (IEA), increase the fuel demand forecasting and context of situation, this year is raised on the basis of the first quarter of China's economic growth is stronger than expected.