SINGAPORE, Oct 9 (Reuters) – China is set to resume October refined fuel exports after a brief halt during its Golden Week holiday, a move that will help ease tight global fuel markets, four traders familiar with the matter said on Friday.
China has approved October exports of diesel, gasoline and jet fuel combined at around 3.7 million metric tons, according to two separate industry participants.
China began curbing fuel exports in March to safeguard domestic fuel supplies as the Iran war disrupted crude oil flows and refinery production, but relaxed controls between July and September.
While Beijing typically regulates fuel exports through a quota system, it has recently tightened oversight by vetting shipments on a month-by-month basis.
China’s National Development & Reform Commission and its Ministry of Commerce did not immediately respond to requests for comment.
(Reporting by Chen Aizhu and Trixie Yap; Additional reporting by Sam Li; Editing by Muralikumar Anantharaman, Tony Munroe and Shri Navaratnam)
Brought to you by www.srnnews.com
SRN News — View the original story at SRNNews.com.
