China issued the third and what’s likely to be the final batch of fuel export quota for this year, keeping the level very similar to 2023 in a sign it doesn’t want to encourage refiners to boost activity.
Seven refiners and traders received permission to export 8 million tons of gasoline, diesel and jet fuel in the tranche, according to industry consultant JLC and Mysteel OilChem. That takes the total issuance for the year to 41 million tons, compared with 40 million tons in 2023. The batch will likely be the last for the year, according to JLC.
Visited 1 times, 1 visit(s) today
