China to resume October fuel exports after a brief halt, four trade sources say

Business Recorder reported, citing four traders, that China is preparing to restart exports of refined fuels in October after a short pause linked to its Golden Week holiday. Industry sources put approved October shipments of gasoline, diesel and jet fuel at roughly 3.7 million metric tons, and two other market participants also cited that estimate.

The move is expected to ease pressure on tight global supplies of diesel, gasoline and jet fuel, although the halt followed a period of restricted shipments. Beijing curbed exports from March to protect domestic supplies after the US-Israeli war on Iran disrupted crude flows and refinery output, then loosened controls between July and September. Chinese refiners had been expected to ship a little over 4 million tons in September.

Neither the National Development and Reform Commission nor the Ministry of Commerce had commented yet. Beijing usually manages exports through quotas but has recently vetted shipments monthly. Refined fuel output and prices have been hit by the Middle East war and the Ukraine-Russia conflict, prompting countries to seek more supply. This week the International Energy Agency agreed to speed up oil stock releases and give diesel supplies priority as part of a scheme started in March.