China Allowing Major Exports of Diesel and Gasoline This Month

AI Summary

Chinese oil refiners have been allowed to increase exports of gasoline, diesel, and jet fuel this month, signaling a significant easing of previous restrictions. This relaxation comes amid geopolitical tensions linked to the Iran war, aiming to boost China's export capabilities.

Chinese oil refiners have been granted more permits to export gasoline, diesel and jet fuel this month, according to people familiar with the matter, in a major relaxation of restrictions imposed during the Iran war.