China Allows 3 Refiners to Export Fuel as Iran War Curbs Ease
Updated
Updated · Bloomberg · Jul 8
China Allows 3 Refiners to Export Fuel as Iran War Curbs Ease
3 articles · Updated · Bloomberg · Jul 8
Summary
At least three Chinese refiners have been granted permits to export gasoline, diesel and jet fuel this month, marking a significant loosening of wartime controls.
The move reverses restrictions imposed during the Iran war, indicating Beijing is easing limits that had constrained outbound fuel shipments.
Zhejiang Petroleum & Chemical Co. — majority owned by Rongsheng Petrochemical Co. — is among the companies allowed to export, along with some state-owned refiners.
The permits point to a near-term increase in Chinese fuel exports, a shift closely watched by regional oil-product markets after the earlier supply squeeze.