Nation 'to be net exporter' of oil products

China is likely to become a net exporter of oil products this year as domestic refiners continue to request export quotas, said international commodities data provider Platts.

In an unprecedented development, China became exactly balanced in oil products trade for the first 10 months of this year, with imports and exports staying at exactly the same volume, Platts said on Wednesday.

"There appears to be more room for exports to grow right until the end of the year," said Song Yanling, a senior analyst with Platts China.