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China halts refined fuel exports in March to prevent domestic shortages amid rising Middle East tensions and oil prices above $100/barrel.
China has ordered refiners to halt all refined fuel exports for March, including gasoline, diesel, and aviation fuel, to prevent domestic shortages amid rising Middle East tensions and volatile global energy markets.
The directive, reportedly issued by the National Development and Reform Commission, comes as oil prices surged above $100 per barrel due to disruptions in the Strait of Hormuz and regional attacks.
The move, unconfirmed by the NDRC, underscores Beijing’s focus on securing domestic energy supply during heightened geopolitical instability.
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China detiene las exportaciones de combustible refinado en marzo para evitar la escasez doméstica en medio de las crecientes tensiones en Oriente Medio y los precios del petróleo por encima de los 100 dólares por barril.