Crypto India|Oct 01, 2026 13:43
BREAKING: 🇨🇳 China halts refined-fuel exports beyond Hong Kong and Macau until further notice, including diesel, gasoline and jet fuel.
Key points include:
1. Chinese refiners are cancelling October cargoes to protect domestic fuel supplies.
2. 🇷🇺 Russia has also extended its diesel export ban through October.
3. 🇺🇸 The US is pressuring France and Germany to release emergency diesel stocks or face a potential US export ban.
4. Brent crude jumped back above $100 as global fuel supplies tighten.
The moves could further squeeze the global diesel market and push fuel prices higher.
Source: Reuters
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