PetroChina Cancels Cargoes as Chinese Refiners Pause October Fuel Exports
Chinese refiners have suspended October fuel exports, with PetroChina cancelling cargoes, according to sources cited by Reuters.
Key takeaways
- Chinese refiners have suspended October fuel exports, according to sources cited by Reuters.
- PetroChina has cancelled cargoes.
- The supplied information gives no affected volumes, explanation or timetable for resuming exports.
PetroChina has cancelled cargoes as Chinese refiners put October fuel exports on hold, Reuters reported, citing sources.
The report identifies PetroChina as cancelling shipments alongside the export suspension by Chinese refiners. The supplied information does not name the other refiners or specify the fuels involved.
For fuel-market businesses, the development concerns both export plans and cargo cancellations. The available details do not establish the volumes affected, the destinations of the cargoes or the reason for the suspension.
The next point to watch is whether October fuel exports resume. The supplied report gives no timetable for a restart.
Sources
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