Energy Insider: Sinopec Ramps Up Diesel Output to Ease Shortfall

In today’s Caixin energy news wrap: China spells out action plan to peak carbon emissions by 2030 as the country’s top economic planner mulls intervention to rein in surging coal prices; companies are moving to ease shortages of diesel and natural gas as winter falls.

Sinopec to crank up diesel output to ease shortfall

China Petroleum & Chemical Corp. (Sinopec), China’s largest oil refiner, pledged to work in full capacity to fulfill domestic diesel demand in November, aiming to expand output by 29% from a year ago. In October, the petroleum giant’s diesel output is up 20% from January-September. China has experienced a diesel shortfall since September due to rising demand and declining production, forcing some gas stations to ration sales of the fuel that is used for heating, generating electricity and powering cars and trucks.