China Halts Fuel Exports as Hormuz Crisis Tightens Global Supply

    China’s Refinery Runs Slip as War Squeezes Crude Supply

    Chinese refinery processed 2.2% less crude last month, at an average daily of 14.52 million barrels daily amid the war-related squeeze on oil supply. Fuel output was also down, with gasoline shedding 2.95% to 13.51 million tons and kerosene production falling by 3.72% to 5.13 million tons. Diesel fuel production was up modestly, by 0.88%17.49…

    Read More
    China Halts Fuel Exports as Hormuz Crisis Tightens Global Supply

      China Resells Record LNG Volumes as Global Gas Crunch Bites

      Since the start of the Middle East war, China has been reselling record volumes of LNG to other Asian buyers as its own demand has been tepid and stocks and gas supplies sufficient. In March alone, China resold up to 10 cargoes of LNG—a record-high for any month ever, according to data from energy analytics…

      Read More