US EditionChina orders immediate ban on March fuel exports: Report
The National Development and Reform Commission ordered a halt on petrol, diesel, and aviation fuel exports after March 11 to avoid domestic shortages amid geopolitical tensions.
- On March 12, China ordered an immediate ban on refined fuel exports for March, covering petrol, diesel and aviation fuel, the National Development and Reform Commission said.
- Amid supply concerns tied to the US-Israeli war on Iran, last week China urged refiners not to agree to new exports and to cancel committed shipments.
- Traders had forecast March exports at 2.2 million to 2.3 million tons, but ship trackers show China shipped only 50,000 tons of petrol, 300,000 tons of diesel and 300,000 tons of jet fuel so far.
- The halt applies to cargoes not cleared by March 11, while jet fuel for aviation bunkering is excluded and the National Development and Reform Commission did not immediately respond.
- China's role as the world's biggest oil importer means the sudden, month-long restriction goes beyond earlier guidance and is likely to reshape March outbound flows, affecting global fuel markets and traders' March forecasts of 2.2 million to 2.3 million tons.
14 Articles
14 Articles
In this context, the Chinese Government has ordered an immediate ban on refined fuel exports.
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China orders immediate ban on March fuel exports, sources say
China has ordered an immediate ban on refined fuel exports in March in a further step to pre-empt a potential domestic fuel shortage caused by the U.S.-Israeli war on Iran, four sources with knowledge of the matter said on Thursday.
Times of India
The Economic TimesChina orders immediate halt to refined fuel exports amid Middle East conflict, sources say
Effective March, China will cease exports of refined fuels, including gasoline, diesel, and aviation fuel, as a measure to secure its domestic supply amidst the ongoing tensions in the Middle East. This swift action is expected to reverberate across global fuel markets, compelling refiners to adhere strictly to the directives issued by the National Development and Reform Commission.
China Tightens Fuel Export Curbs as Iran War Hits Oil Supply
Chinese oil refiners have begun canceling agreed refined fuel export cargoes, including gasoline and diesel, according to people familiar with the matter, as Beijing further tightens curbs to cope with the impact of war in the Middle East.
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