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. 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.