Fuel: China triples diesel exports – highest level in over three years
China has recently increased its diesel exports by 262.3 percent to 1.85 million tons. Relaxed export restrictions have significantly increased the export of refined oil products overall.
China's diesel exports reached their highest level in over three years in September, with 1.85 million tons exported, a 262.3% increase from the same period last year. The surge is attributed to a global shortage of fuel due to conflicts in the Middle East and Russia, which have impacted production. China's refined oil product exports rose 39.4% year-on-year to 7.16 million tons in September, also up 19% from the previous month.
The country had restricted fuel exports in March but lifted the restrictions in July. In the first nine months of the year, refined oil product exports fell 3.7% to 41.4 million tons.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
