BREAKINGVIEWS — Why global oil markets will be watching Alibaba
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Ka Sing Chan HONG KONG, Oct 13 (Reuters Breakingviews) — Beijing has now curbed fuel exports twice this year and shifted to monthly from annual quotas. It means traders have to watch China's domestic demand, from shopping festivals to winter stockpiling, for clues on supply from a country with nearly 20% of global refining capacity. Full view will be published shortly. Context News China is set to resume refined fuel exports after a brief halt during its Golden Week holiday in the first week of October, Beijing restricted fuel exports in March after the outbreak of the US-Iran war disrupted Middle Eastern crude supplies, then relaxed the curbs in July. The government is now managing diesel, gasoline and jet fuel shipments on a monthly, rather than annual, basis. (Editing by Antony Currie; Production by Aditya Srivastav) ((For previous columns by the author, Reuters customers can click on CHAN/ mailto:KaSing.Chan@thomsonreuters.com)
(The author is a Reuters Breakingviews columnist. ) By Ka Sing Chan HONG KONG, Oct 13 (Reuters Breakingviews) — Beijing has now curbed fuel exports twice this year and shifted to monthly from annual quotas. It means traders have to watch China's domestic demand, from shopping festivals to winter stockpiling, for clues on supply from a country with nearly 20% of global refining capacity. Full view will be published shortly.
Context News China is set to resume refined fuel exports after a brief halt during its Golden Week holiday in the first week of October, Beijing restricted fuel exports in March after the outbreak of the US-Iran war disrupted Middle Eastern crude supplies, then relaxed the curbs in July. The government is now managing diesel, gasoline and jet fuel shipments on a monthly, rather than annual, basis. com)