Financial Times: China Reportedly Plans to Resume Exports of Aviation Fuel, Diesel, and Gasoline in May
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According to the Financial Times, China is preparing to resume exports of aviation fuel, diesel, and gasoline in May, with major state-owned oil companies having applied for export permits. Beijing aims to supply aviation fuel to Asian countries facing critically low inventories. This shift comes after initial export restrictions due to the US-Iran conflict, influenced by unexpectedly weak domestic demand (partly due to increased EV use) and expanded export profit margins, demonstrating China's strengthened energy security strategy.