China sets May refined fuel exports to regions, ex. Hong Kong, at 500k metric tonnes, according to sources; May fuel exports double April's shipments but remains below pre-Iran war levels
China's decision to set refined fuel exports at 500k metric tonnes for May, which doubles April's shipments, highlights a significant rebound in their export capacity.
Indian government issues draft rules to increase ethanol blending in petrol
[MARKET ANALYSIS] Chinese equities outperform, BYD beats revenue estimates
China sets May refined fuel exports to regions, ex. Hong Kong, at 500k metric tonnes, according to sources; May fuel exports double April's shipments but remains below pre-Iran war levels
[MARKET ANALYSIS] DXY muted heading into FOMC, Aussie softer following cooler-than-expected CPI
Australia's Treasurer Chalmers says the Treasury expects inflation to peak at higher levels
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However, the fact that these levels are still below pre-Iran war figures suggests ongoing supply constraints or strategic reserve management, which could impact global fuel prices and market dynamics in the energy sector.
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