China sharply reduces diesel exports as domestic supplies dwindle China, Asia's main fuel supplier, sharply reduces diesel exports in November. Only about 500,000 tonnes were sold for loading at the port, according to traders and Reuters calculations based on trade data. According to preliminary estimates, total diesel exports in November may be less than 800,000 tons - according to customs data, this is the lowest figure since July. At least two shipments will be loaded after mid-November. NIK mentions that a crisis is raging in the global fuel market, and China had some hopes of containing it after Beijing began expanding export quotas on petroleum products for its factories. Despite high export margins - up to $120.30 per ton last week - there is a need to reduce exports, Beijing decided. The reason is lower inventories amid steady domestic demand and lower-than-expected refinery production, traders said. Oil and capital we are in Max.

China sharply reduces diesel exports as domestic supplies dwindle China, Asia's main fuel supplier, sharply reduces diesel exports in November. Only about 500,000 tonnes were sold for loading at the port, according to traders and Reuters calculations based on trade data. According to preliminary estimates, total diesel exports in November may be less than 800,000 tons - according to customs data, this is the lowest figure since July. At least two shipments will be loaded after mid-November. NIK mentions that a crisis is raging in the global fuel market, and China had some hopes of containing it after Beijing began expanding export quotas on petroleum products for its factories. Despite high export margins - up to $120.30 per ton last week - there is a need to reduce exports, Beijing decided. The reason is lower inventories amid steady domestic demand and lower-than-expected refinery production, traders said. Oil and capital we are in Max.