China issues third batch of 2026 export quotas for low-sulfur fuel oil

China has released its third tranche of 2026 export quotas for low-sulfur bunker fuel, amounting to 1.07 million metric tons, Business Recorder reported, citing trade sources and a consultancy. The latest tranche takes cumulative marine fuel export quotas for the year past 14 million tons. That is more than the volume granted last year, which fell just short of that level.

Of the latest batch, CNPC received the largest portion at 800,000 tons, while CNOOC was allocated 230,000 tons. According to Oilchem, the remaining 40,000 tons went to Sinochem. Two trade sources supplied the CNPC and CNOOC figures, and the three shares together match the batch total.

The commerce ministry had not immediately replied to a fax request for comment from Reuters at the time of the report. The report does not mention any company listed on the Pakistan Stock Exchange.