China Lifts Oil Export Restrictions to Allow Gasoline and Diesel Shipments Abroad
China has lifted some restrictions on oil-product exports, allowing state refiners to sell gasoline and diesel to a wider range of countries. According to people familiar with the matter, Beijing issued the directive during the past week, expanding access beyond the handful of oil-starved neighboring countries that were previously exempted from export curbs.
The move reverses measures implemented shortly after the conflict in the Middle East began, which were introduced to safeguard domestic fuel supplies. Trade sources and analysts view the easing of export curbs as a signal that China has ample refining capacity to help offset tight global supplies following the regional supply shock.
From the sources (3 posts)
@financialjuiceChina seen lifting some fuel export curbs on ample supplies
@businessChina has lifted some restrictions on oil-product exports in the past week
@staunovo#China has lifted some restrictions on oil-product exports in the past week, rolling back measures introduced to safeguard domestic supplies shortly after the war began in the Middle East. According to people familiar with the matter, Beij