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flag China's fuel oil imports may fall in early 2025 due to higher taxes, impacting regional prices.

flag 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. flag This follows a policy from October that reduced tax rebates on fuel oil shipments. flag 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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