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Home›Commodities›Energy›China suspends most October refined fuel exports amid…

China suspends most October refined fuel exports amid diesel crunch

PetroChina cancelled several October gasoline and jet fuel cargoes, while Zhejiang Petrochemical did not schedule any exports during China’s week-long N.

Reported · Written up by our desk · Energy

OilPrice reports that China’s major refiners have suspended most refined fuel exports for October as Beijing prioritizes domestic supply security.

The move is expected to remove additional volumes of diesel, gasoline, and jet fuel from a global market already described as severely constrained.

PetroChina has cancelled several gasoline and jet fuel cargoes scheduled for October, and Zhejiang Petrochemical did not schedule exports during China’s week-long N.

The suspension further tightens refined-fuel availability as the diesel crunch continues to deepen internationally, according to OilPrice.

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Sources

OilPriceChina Halts October Fuel Exports as Global Diesel Crunch Deepens

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