China has currently refrained from implementing any curbs on the export of refined oil products, including gasoline, gasoil, and jet fuel. This stance is maintained even as the country experiences a tightening in its domestic supply of these crucial fuels. The information was confirmed by two senior executives from China's leading refining companies during the APPEC conference on September 8.
For freight forwarders and logistics professionals, China's continued export of refined oil products suggests a stable, albeit potentially constrained, supply in the global market. Any future restrictions could lead to increased bunker prices, particularly for vessels operating on routes connected to Asian supply chains, and could also impact the availability and cost of jet fuel for air cargo operations. Monitoring China's energy policy will be crucial for anticipating shifts in fuel costs and supply chain stability.
