China to resume October fuel exports after a brief halt, four trade sources say
SINGAPORE: China is set to resume October refined fuel exports after a brief halt during its Golden Week holiday, a move that will help ease tight global diesel, gasolineand jet fuel markets, four traders familiar with the matter said on Friday. China has approved October exports of the three fuels at around 3.7 million metric tons combined, according to two other industry participants. Chinese…
China plans to resume refined fuel exports in October, following a brief pause during the Golden Week holiday, according to Reuters. The decision comes after the country approved exports of about 3.7 million metric tons of diesel, gasoline, and jet fuel for the month, the news agency reported.
Fuel exports had been limited in China since March, as authorities sought to safeguard domestic supplies following the disruption of crude oil flows and refinery production caused by the Iran conflict. The restrictions were eased between July and September, allowing more fuel to be sent overseas.
Traditionally, Beijing has managed fuel exports through a quota system, but has recently tightened control by conducting monthly reviews of shipments. The resumption of exports is expected to ease pressure on tight global fuel markets, the report indicated. The information was compiled using AI assistance and edited by a human before publication.
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