South China Morning Post

China curbs fuel exports amid record global diesel prices

China halted exports of refined oil products for October in order to boost domestic fuel supplies, according to Reuters, adding to a squeeze in global markets. Regulators didn’t approve any October shipments ahead of a week-long holiday, the news service said, citing unidentified people briefed on the matter. It wasn’t clear whether permits would be given after the break ended on Wednesday. Shipments to Hong Kong and Macau have been authorised. The export shutdown risks worsening price spikes...

By South China Morning Post

1 min read
China curbs fuel exports amid record global diesel prices
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