N環球 
China resumes October refined-fuel exports of about 3.7 million tonnes, easing global diesel tightness
Reuters reported on Oct. 9, citing four traders and two industry sources, that China has approved October export quotas for gasoline, diesel and jet fuel totaling about 3.7 million tonnes, versus slightly over 4 million tonnes exported in September. Analysts say the move will only "moderately" ease global diesel tightness.
Why it matters
This is a significant variable for global energy markets this week: since March, China has curbed refined-fuel exports (the U.S.–Israel war on Iran disrupted crude supply, and Beijing prioritized domestic supply), leaving global diesel markets persistently tight. The resumption of October quotas, together with the International Energy Agency (IEA) agreeing this week to accelerate oil-reserve releases prioritizing diesel, directly addresses the diesel shortage. N-Globe previously covered U.S. strike preparations on Iran pushing up oil prices; this is the follow-up on the same energy thread.
Full report
Reuters, Singapore/Beijing, Oct. 9: four traders and two industry sources confirmed that China has approved October export quotas for gasoline, diesel and jet fuel totaling about 3.7 million tonnes. For comparison, China's refined-fuel exports in September were slightly over 4 million tonnes.
Background: starting in March this year, China tightened refined-fuel exports — the U.S.–Israel war on Iran disrupted crude supply chains and Beijing prioritized domestic supply; policy eased somewhat from July to September. Since the Oct. 1 National Day holiday, only shipments to Hong Kong and Macau had been cleared, with October quotas now approved on a monthly basis.
In the same week, the International Energy Agency (IEA) agreed to accelerate the release of oil reserves, prioritizing diesel supply (a program launched in March).
But analysts caution the relief will be limited: Energy Aspects analyst Stuti Jhunjhunwala and Sparta Commodities senior analyst June Goh both said China's export resumption would only "moderately" ease the tightness — Middle East supply remains disrupted and the overall market is still tight.
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