China’s Second Batch of Fuel Export Quotas Matches First Allocations
China has allocated more export quotas for refined petroleum products for 2024, issuing a second batch that nearly matches the volumes in the first batch. China has recently issued 18 million metric tons of fuel export quotas in the second batch of allocations for this year, Chinese trade sources and consultancies told Reuters on Tuesday. The volumes in the latest batch include 14 million tons of refined products and 4 million tons of marine fuel, consultancy firms Longzhong and JLC, as well as trade sources, said.…