China Fuel Export Halt Tightens Asian Supplies
Chinas suspension of fuel exports beyond Hong Kong and Macau is tightening supplies for key regional buyers. The policy shift drove Asian gasoline refining margins to record highs and widened spreads for gasoil and jet fuel.
Xurve View
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Xurve View
China suspended oil product exports this month, threatening supplies to key buyers like Singapore and Malaysia with restricted volumes. The move by the world's largest refining hub sent Asian gasoline margins past $50 a barrel over Brent Crude Oil on Thursday. Regional buyers now face tightening inventories and steeper market backwardation as shipments contract.
