Chinese Refiners Suspend Refined Oil Exports Outside Hong Kong and Macau in October to Secure Domestic Stocks

On October 1, Reuters cited four sources reporting that Chinese oil refiners have suspended refined oil exports to regions outside Hong Kong and Macau in October to prioritize domestic inventory. PetroChina has canceled some October export shipments, and Zhejiang Petrochemical has not scheduled any refined oil exports during the week of the National Day holiday, with uncertainty remaining over whether they will resume after the holiday.