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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 halted refined petroleum exports this month, jolting global fuel markets, as Trump touted an $8.4 billion oil project with South Korea.
Reuters and other foreign media reported that major Chinese refiners, including PetroChina and Zhejiang Petroleum & Chemical, suspended exports of gasoline and diesel starting yesterday .