China boosts fuel exports despite limits
Chinese Customs Administration data showed that China's exports of refined petroleum products, such as gasoline, diesel, and jet fuel, increased by 40% in May compared to April. However, they dropped by 69% compared to the same period last year due to export restrictions imposed by Beijing to protect domestic supplies. Despite the rise, export levels remained low compared to previous years, with gasoline exports reaching their lowest point in a decade, while diesel and jet fuel exports experienced slight increases. These export adjustments are a result of China's restrictions on certain operations, with exceptions made for ship and aircraft fueling services and for exports to Hong Kong and Macau.
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