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China eases fuel export restrictions as tensions subside and supplies increase
China has lifted export restrictions on refined fuel for the rest of July after a four-month suspension, with one of its largest private refineries resuming shipments following the peace agreement between Washington and Tehran. This move could help reduce fuel prices in the region and encourage government-owned refineries to increase production, with expectations to export around 3 million tons of gasoline, diesel, and jet fuel during the month.
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