China is poised to resume exporting jet fuel, gasoline and diesel from May, in a move that could significantly ease the worldwide shortages caused by the Iran conflict.
The country’s large state oil companies have applied for export permits to ship fuel in May, according to several trading sources, signalling that a ban that was introduced at the start of the war to protect domestic supplies may be relaxed.
China is the world’s biggest oil importer and a major exporter of jet fuel and diesel to Australia, Japan, Vietnam, the Philippines and Bangladesh, among other countries.
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