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Chinese oil producer
PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007, and subsequently entered the constituent of SSE 50 Index. In the 2020 Forbes Global 2000, PetroChina was ranked as the 32nd-largest public company in the world.
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China has halted fuel exports with no stated end date, and PetroChina has scrapped October gasoline and jet fuel cargoes. With domestic inventories at multi-year lows, the move could tighten the already strained global fuel market.
China has suspended October exports of diesel, petrol and jet fuel to rebuild domestic stocks, tightening an already strained global fuel market.
Chinese refiners have suspended oil-product exports for October as Beijing prioritizes domestic fuel inventories, tightening an already constrained global market and raising the risk of further price increases for diesel, gasoline and jet fuel. Four people briefed on the matter told Reuters that Beijing had not…