Chinese refiners have suspended most fuel exports, tightening supplies in Asian product markets. The reduction in shipments is increasing pressure on regional fuel availability and could affect prices as traders assess supply conditions.
Chinese refiners have suspended exports of refined OilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More products to destinations outside Hong Kong and Macau until further notice from Beijing, four people briefed on the matter told Reuters. The move comes as Asian fuel markets are already tight following Middle East supply disruptions. PetroChina has cancelled a large share of planned October gasoline and jet-fuel shipments, according to the report. Analysts said the loss of Chinese barrels could SupportSupport is a price area where a decline has previously met enough buying interest or reduced selling pressure to slow, stop, or reverse downward movement. It is best treated as...Read More regional gasoline, jet-fuel and diesel refining margins while buyers seek replacement supplies.
