China is pulling back sharply from fuel exports in October as Beijing prioritizes rebuilding domestic inventories over supplying overseas markets.
WorldEnergy
Reuters reports that Chinese refiners have suspended most shipments of diesel, gasoline and jet fuel after stockpiles were drawn down by the Iran war and disruptions to Russian refining.
Diesel inventories are estimated to be about 20 million barrels below pre-war levels, while gasoline stocks are down by roughly 9 million barrels.
PetroChina has canceled some gasoline and jet-fuel cargoes, while Zhejiang Petrochemical has no exports scheduled during the holiday week. Shipments after Oct. 7 remain uncertain.





