Chinese exports of refined oil products are set to surge through August due to domestic oversupply and increased export quotas. Mexico is reported to be one of the target markets, which would come just as Mexican imports are starting to decline. Imports of refined oil fell 5.0% year over year in June, with shipments from the U.S. – which represented 86.3% year over year in the 12 months to Jun. 30 – having fallen 10.3%. Supplies from the rest of the world climbed 26.0% year over year, though China only represented 1.7% of the total imported by Pemex in the past 12 months. Not all U.S. ex...