Chinese refiners suspend October fuel exports, one cancels cargoes: Report
21 Articles
21 Articles
Oil prices spun on Thursday. First they fell, then they soared. Brent crude oil once again surpassed $100. The sharp gains were a result of reports regarding China's decision.
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Oil Climbs Above $100 as China Fuel Export Halt Tightens Market
Oil prices rose about 2% after China suspended exports of oil products beyond Hong Kong and Macau. Traders were also watching diplomatic efforts surrounding the ... The post Oil Climbs Above $100 as China Fuel Export Halt Tightens Market first appeared on [your]NEWS.
China Cancels Some Fuel Shipments to Support Domestic Supply
China, one of the largest exporters of petroleum products, stopped exporting fuel for the second time this year. Consumers will have to search for goods in India and the US, increasing competition with Europe.
Chinese refiners suspend October fuel exports, sources say
Chinese refiners have suspended exports of oil products to regions beyond Hong Kong and Macau until further notice from Beijing, four people briefed on the matter said on Thursday, a move that will further tighten fuel markets.
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