Heard on the Street: China's Ability to Bail Out the Diesel Market Looks Limited — WSJ
By Carol RyanChina has plenty of redundant capacity in its refining network: The country's refinieries are running at just 75% of max output, compared to 97% in the U.S. So in theory, it could bring a lot more diesel to the global market.But China's ability to cool global diesel prices is limited.F…