China May Restart Fuel Exports as Domestic Stockpiles Surge

Chinese state refiners could restart fuel exports next month if the government in Beijing approves their applications for the restart, citing ample domestic stocks. Companies including Sinopec and CNPC have submitted applications for export permits, Bloomberg reported today, citing unnamed sources in the know. The applications are for exports of diesel and gasoline, the Bloomberg sources said. In early March, China told energy companies to suspend new fuel export contracts and try to cancel already arranged fuel shipments abroad as global fuel…