China Allows State Refiners to Export Some Fuels to Asian Buyers

China has approved state-owned refiners to export 500,000 tons of fuels to a limited group of regular customers, effectively easing an earlier export ban. The move is supportive for Chinese refiners and could modestly improve regional fuel flows and supply balances. Impact is notable for the sector, but the scope appears limited to a handful of customers.

Analysis

China has approved state-owned refiners to export 500,000 tons of fuels to a limited group of regular customers, effectively easing an earlier export ban. The move is supportive for Chinese refiners and could modestly improve regional fuel flows and supply balances. Impact is notable for the sector, but the scope appears limited to a handful of customers.