China Halts October Exports of Kerosene, Diesel and Gasoline
Chinese refineries have stopped exports of oil products such as kerosene, diesel and gasoline for October, with the government aiming to preserve domestic stocks and allowing only deliveries to Hong Kong and Macau.1
The export halt is expected to add pressure to already strained fuel markets amid the Iran war; Petrochina cancelled several planned gasoline and kerosene deliveries for October and private operator Zhejiang Petrochemical has no oil product deliveries scheduled for the holiday week, while September saw exports of 1.4 million tons of diesel, 500,000 tons of gasoline and 2 million tons of kerosene.1