China Could Curb Fuel Exports as Diesel and Gasoline Stocks Sink
State-owned gasoline stocks fell 2.9% last week and diesel inventories hit a 15-month low, according to JLC International.
4 Articles
4 Articles
China Could Curb Fuel Exports as Diesel and Gasoline Stocks Sink
China’s diesel fuel and gasoline inventories are declining, which may eventually lead to the imposition of export curbs, Bloomberg has reported, citing recent fuel inventory data. Gasoline inventories at state-owned energy majors were down by 2.9% last week to their lowest level since 2022, according to Chinese commodity market research firm JLC International. Diesel inventories are sitting at the lowest in 15 months, booking a 2.4% dip last wee…
China's gasoline and diesel stocks are falling sharply, at a time when refining companies are facing an increasingly scarce domestic supply market, increasing the likelihood that the government will again move to reduce fuel exports. China's government fuel suppliers' gasoline stocks have dropped 2.9% last week to the lowest level since 2022, according to JLC [...].
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