China May Curb Fuel Exports as Diesel, Gasoline Stocks Hit Multi-Year Lows

Chinese gasoline inventories at state-owned majors fell 2.9% last week to the lowest since 2022, and diesel stocks hit a 15-month low, per JLC International data cited by Bloomberg. This tightening domestic market raises the risk of export curbs, which would reduce global fuel supply and support refined product prices. The likelihood and timing of any curb remain uncertain, but the trend is clear.