ReportedShipping, energy & marketsChina
China halts fuel exports and PetroChina cancels October cargoes
- Mountain Time
- Local time
- 6:30 PM in Shanghai
- Where
- China
Chinese refiners halted fuel exports until further notice, and PetroChina canceled some October gasoline and jet-fuel cargoes, according to sources cited by Reuters. The report said China had not authorized fuel exports beyond Hong Kong and Macau before the Golden Week holiday.
Why it matters
The halt removes a source of gasoline and jet-fuel supply from Asian markets while regional fuel availability is already constrained by the Hormuz crisis.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels