China Issues New Fuel Export Quotas for Q4 ...Middle East

China has issued fuel export quotas of 9 million tons for the final quarter of the year, Reuters has reported, citing two local commodity consultancies. The bulk of the quotas comprise clean refined fuels, with the remainder of 1 million tons in bunkering fuel. Almost 6.4 million tons of the new quotas were issued to state-owned refiners including Sinopec, CNPC, and CNOOC. This latest batch will bring the total fuel export quotas for the year to 54 million tons, the report said, which was virtually unchanged on 2023 quotas. Chinese refiners have…

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