China to Resume October Fuel Exports

China is set to resume October refined fuel exports following a brief holiday pause. The move will help ease tight global markets for diesel, gasoline and jet fuel.

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A China Ocean Shipping Company (COSCO) vessel is seen near oil tanks at the China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp in Dalian, Liaoning province, China October 15, 2019.

China will approve 3.7 million metric tons of refined fuel exports for October, according to four traders familiar with the matter. The move follows a brief holiday pause and aims to ease tight global markets for diesel, gasoline, and jet fuel. Regional buyers have faced elevated costs following export curbs tied to disruptions in the Middle East.

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