China isn't interested in ramping up fuel exports amid global energy crunch as Beijing calls for 40% lower quotas for refiners

Jul 6 2022 by Business Insider

 

Xie Huanchi/Xinhua via Getty Images

China lowered the fuel export quota by 40% for its refiners compared to the same time last year, Bloomberg reports.  China has issued 22.5 million tons of fuel exports for 2022, down from around 37 million tons in 2021 for the same period. The move suggests Beijing isn't interested in ramping up fuel exports even amid a global energy crunch. 

China lowered the fuel export quota by 40% for its refiners compared to the same time last year, Bloomberg...

Continue Reading China isn't interested in ramping up fuel exports amid global energy crunch as Beijing calls for 40% lower quotas for refiners