China lifts fuel export curbs for July: Report
Authorities approved 1.3 million tons of oil-product exports in July, easing curbs after domestic supplies stabilized, traders said.
- China eased restrictions on refined fuel exports for the remainder of July and allowed private refiners to resume overseas shipments after a four-month suspension, trade sources said on Wednesday, signaling a return to normal operations following Iran conflict disruptions.
- Early this year, the Chinese government banned fuel exports to safeguard domestic markets after the Middle East war closed the Strait of Hormuz, disrupting global supply chains.
- Authorities approved 1.3 million tons of oil product exports for July, while refiners plan to ship about 3 million metric tons total this month, aligning with export levels from one year ago.
- Pressure is mounting on regional refining margins as Chinese refiners search for available tankers this week; the spread between Asian gasoline prices and Dubai crude has fallen near its lowest level since late March.
- Zhejiang Petroleum & Chemical Co., majority owned by Rongsheng Petrochemical Co., will resume exports this month, marking a significant relaxation from the 800,000 tons China authorized for export in June.
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12 Articles
China Allowing Major Exports of Diesel and Gasoline This Month
Chinese oil refiners have been granted more permits to export gasoline, diesel and jet fuel this month, according to people familiar with the matter, in a major relaxation of restrictions imposed during the Iran war.
(Beijing=Yonhap News) Correspondent Kim Hyun-jung = China, one of Asia's largest petroleum product exporters, has lifted export restrictions on refined petroleum products, and private sector refined oil exports have also... for four months
The Economic Times
Times of IndiaChina further eases fuel export curbs for July
China has lifted refined fuel export restrictions for the remainder of July. A private refiner, Zhejiang Petrochemical, can now resume its fuel shipments. This follows a four-month halt in its export activities. The world's largest refiner is returning to normal operations after disruptions.
EXCLUSIVE: China lifts fuel export curbs for July, sources say
China has lifted refined fuel export restrictions for the rest of July and allowed a private refiner to resume shipments after a four-month halt, trade sources said on Wednesday, as the world’s biggest refiner returns towards normal after disruptions from the Iran war.
China is the largest buyer of Iranian oil.
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