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China's fuel oil imports may fall in early 2025 due to higher taxes, impacting regional prices.
China's fuel oil imports are expected to drop in early 2025 due to a recent tax hike, with some sellers lowering prices to boost demand.
This follows a policy from October that reduced tax rebates on fuel oil shipments.
The decline in imports is expected to further lower fuel oil prices in the region, affecting China's refining sector, which has been facing weak margins.
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Las importaciones de fuelóleo en China pueden caer a principios de 2025 debido al aumento de los impuestos, lo que afecta a los precios regionales.