TIL CreativesChina has eased refined fuel export restrictions for the remainder of July and permitted a private refiner to resume shipments after a four-month suspension.(Representational Image- AI Generated)
China has lifted refined fuel export restrictions for the rest of July and allowed a private refiner to resume shipments after a four-month halt, trade sources said, as the world's biggest refiner returns towards normal after disruptions from the Iran war.
Zhejiang Petrochemical Co, majority owned by Rongsheng Petrochemical, has been permitted to export fuel in July, four sources briefed on the matter said, after it halted exports for more than three months.
China's Ministry of Commerce and the National Development Reform Commission did not immediately respond to faxed requests for comment. Rongsheng did not immediately respond to a request for comment.
Read More: The likely loser in Gulf's post-war race for oil market share
Zhejiang Petrochemical Co, majority owned by Rongsheng Petrochemical, has been permitted to export fuel in July, four sources briefed on the matter said, after it halted exports for more than three months.
China's Ministry of Commerce and the National Development Reform Commission did not immediately respond to faxed requests for comment. Rongsheng did not immediately respond to a request for comment.
Read More: The likely loser in Gulf's post-war race for oil market share