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China to resume refined fuel exports in October
China announced the resumption of refined fuel exports in October after a brief pause during Golden Week. Approximately 3.7 million metric tons of gasoline, diesel, and jet fuel will be exported, helping to alleviate the global supply shortages of these products. China had restricted fuel exports since March to protect domestic supplies, especially amid disruptions caused by the conflicts in the Middle East and the Ukraine-Russia war, which had led to rising diesel prices. This restart comes amid international efforts to release oil reserves and prioritize diesel supplies, with forecasts suggesting their prices will continue to rise until 2027.
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