China’s major refiners have suspended most refined fuel exports for October as Beijing prioritizes domestic supply security, according to a Reuters report cited by OilPrice.com [1].
The move removes another source of diesel, gasoline and jet fuel from a global market already described as severely constrained. PetroChina canceled several gasoline and jet fuel cargoes scheduled for October, and Zhejiang Petrochemical did not schedule exports during China’s week-long National Day holiday, Reuters reported, citing four people familiar with the matter [1]. Beijing has not authorized October exports outside Hong Kong and Macau, although shipments could resume after the holiday ends on Oct. 7 depending on domestic inventories and refinery output [1].
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