China Set to Resume Jet Fuel and Diesel Exports in May
China poised to restart exporting jet fuel, diesel and gasoline From May, FT reports
The Economic Times
Image: The Economic Times
China is preparing to restart exports of jet fuel, gasoline, and diesel in May 2024, as state oil companies have applied for export permits. This move aims to supply Asian countries facing fuel shortages, particularly jet fuel.
- 01China's state oil companies have applied for export permits.
- 02Exports are set to resume in May 2024.
- 03The primary focus is on supplying jet fuel to Asian nations.
- 04Asian countries are currently experiencing low fuel reserves.
- 05This decision may impact global fuel markets.
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China is expected to restart exports of jet fuel, gasoline, and diesel in May 2024, as reported by the Financial Times. State-owned oil companies have applied for export permits, indicating a significant move to address fuel shortages in Asia, particularly for jet fuel. Reports suggest that several Asian countries are facing critical low levels of jet fuel, prompting Beijing's decision to intervene. This resumption of exports could influence global fuel markets and pricing dynamics, especially as demand in Asia remains high.
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The resumption of fuel exports from China may help stabilize fuel prices and supply in Asian markets, benefiting airlines and transportation sectors facing shortages.
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