Chinese refiners suspend Oct fuel exports, PetroChina cancels cargoes, sources say

According to Business Recorder, citing four people who were briefed, Chinese refiners have halted oil product shipments to destinations beyond Hong Kong and Macau. The restriction stays in place pending a fresh directive from Beijing, and the sources spoke on Thursday. It follows the Golden Week holiday, which runs until October 7, as China works to protect its domestic fuel supplies.

Separately, state-run PetroChina reportedly called off most of its gasoline and jet fuel cargoes planned for October, with the cancellations made on Wednesday, according to three sources. Those sources added that the company had committed to most of the cancelled deals over the previous fortnight. The report ties the export curbs and cargo cancellations to Beijing's push to keep domestic supplies secure, a development energy-market watchers will track closely.