China is reportedly to extend the ban on fuel exports into April, according to sources cited by Reuters; small volumes could be exempt for nations that ask for assistance

China's decision to extend the ban on fuel exports into April, potentially exempting small volumes for requesting nations, indicates ongoing supply constraints in the global oil market.

Newsquawk StaffPublished 31 Mar 2026, 12:42 UTCOn the live feed at 12:22 UTC — 10 more headlines followed before this page went public

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12:27

US War Secretary Hegseth says many more vessels flowing through Strait of Hormuz than before, and calls Iran to open for business, or the US has options

12:25

In a phone call between the Iranian and Turkish Foreign Ministers, Foreign Minister Aragchi called the reports about the launch of missiles from Iran towards Turkey completely baseless, and warned against the repetition of false flag operations

12:22

China is reportedly to extend the ban on fuel exports into April, according to sources cited by Reuters; small volumes could be exempt for nations that ask for assistance

12:21

ChangXin Memory Technologies has suspended IPO plans, had intended to list on the Shanghai STAR market

12:18

US General Caine says the US continues to degrade and destroy the capabilities of Iran, continue to strike key manufacturing and research sites. Commenced overland B52 missions, the first of this operation.

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The article adds that sources say the permitted amount of exemption could be 150k/MT or 300k/MT.

Context

This move could support prices for WTI and Brent as it further tightens availability, particularly if the exemption amounts are limited. Traders should watch for subsequent reactions from major oil importers and any implications for inflation and overall commodity demand.

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