-
China's first 2024 refined fuel export quotas flat vs year ago
China has issued its first refined fuel export quotas for 2024 totalling 19 million metric tons, a volume unchanged from last year's and largely in line with market expectations, Chinese consultancies and multiple trading sources said on Friday. The quotas, which compared with the 18.99 million tons released in the first batch of such quotas last year, were reported by consultancies JLC and Longzhong, both of which have closely tracked Beijing's fuel quota policy in recent years. China manages its refined oil exports via a strict quota system, using exports as a tool to balance and ensure the domestic market is ... (full story)