China Boosts Fuel Exports as Domestic Stockpiles Swell

China exported 6.7% more fuel last month than it did in June, although on an annual basis fuel exports dropped by 12.9%, Reuters reported today, citing Chinese customs data. In absolute terms, Chinese refiners exported 4.65 million tons of refined products including gasoline, diesel, jet fuel, and bunkering fuel. Diesel exports totalled 810,000 tons last month, up by 88% amid a global squeeze on diesel stocks because of the wars in the Middle East and Ukraine. This puts them on par with July 2025 export levels and 50% higher than the average monthly…