China Halts Fuel Exports Amid Global Market Squeeze

China has told energy companies to suspend new fuel export contracts and try to cancel already arranged fuel shipments abroad as global fuel markets tighten amid the Middle Eastern war that has effectively frozen most traffic through one of the world’s biggest oil and fuel chokepoints. Citing unnamed trading and energy industry sources, Reuters reported today that the call, made by the authorities in Beijing to fuel exporters, excluded jet fuel contracts for refuelling for international flights and bunkering fuel contracts. Bloomberg, for…