China March Refined Oil Exports Drop After Fuel Ban
China's refined oil shipments fell 11.5 percent in March to 4.6 million tons after a government export ban took effect. Gasoline exports saw a sharp decline.
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Outbound shipments of refined oil products from China experienced a significant decline in March, falling 11.5% compared to the same period last year. According to data from the General Administration of Customs, the total volume of exports, which includes gasoline, diesel, aviation fuel, and marine fuel, reached 4.6 million metric tons last month. This contraction follows a recent export ban implemented by Beijing, which halted cargoes that had not cleared customs by March 11.
