Published on 6/25/2026
Reuters quoted three sources familiar with the energy sector as saying that China intends to raise the quantities of refined fuel that state-owned refineries are allowed to export in July compared to June.
China is one of the largest fuel exporters in Asia.
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Increasing the quota allowed for export would alleviate the severity of the supply shortage after refineries in the region reduced their production due to a shortage of crude supplies following the US-Israeli war with Iran.
Beijing has reduced its exports since March after the outbreak of the war to ensure the availability of sufficient supplies of fuel domestically.
Customs data showed that the restrictions kept exports to destinations outside Hong Kong and Macau at levels ranging between 400,000 and 500,000 tons last April and May.
The three sources said that Beijing, during a meeting held this week between government officials and Chinese government refineries, set the fuel export quota in July at 800,000 tons.
This represents an increase above estimates that indicated the export of about 600 thousand tons for this month, while two of the three sources stated that there will be no restrictions on export destinations.
Even with this increase, the volumes planned for July will be less than 40% of the monthly average of exports outside Hong Kong last year.
