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🗞 Reuters:
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China blocked most fuel exports for October, as Beijing prioritizes rebuilding local inventories amid disruptions caused by the war in Iran and attacks on Russian refineries.
⛽️ PetroChina canceled some gasoline and jet fuel shipments, while Zhejiang Petrochemical conducted no exports during the holiday week. It remains unclear whether exports will resume after October 7.
⛽ China's diesel inventories are estimated to be about 20 million barrels lower than pre-war levels, while gasoline inventories are about 9 million barrels lower.
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