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As Iran war drags on, China keeps tight grip on fuel exports despite eased curbs

Middle East 1 source 1 country 🔦 Under-reported 22m ago

While Beijing has lifted refined fuel export restrictions this month amid elevated global oil prices and ample national reserves, it has also introduced compliance requirements for refiners – a cautious pivot aimed at safeguarding domestic stockpiles, according to three sources with knowledge of the matter. “With the interim truce between Washington and Tehran having collapsed, Beijing has adopted a more cautious stance on easing curbs for fuel exports,” a person familiar with the matter said in...

Summary from source
Read the full story at the source South China Morning Post · HK
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