PetroChina canceled some gasoline and jet fuel shipments, while Zhejiang Petrochemical scheduled no exports during the holiday week. It remains unclear whether exports will resume after October 7.
China’s diesel stocks are estimated to be about 20 million barrels below pre-war levels and gasoline stocks about 9 million barrels short.
Source: Reuters
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China has suspended most fuel exports for October as Beijing prioritizes rebuilding domestic stocks amid disruptions from the Iran war and attacks on Russian refineries.
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