China to Restart October Fuel Exports, Offering Potential Relief to European Markets

China will restart exporting refined petroleum products in October, authorising roughly 3.7 million metric tonnes of diesel, gasoline and jet fuel after a suspension that began in March to protect domestic supplies. The approved volume is modestly below the over-four-million-tonne level projected for September. Restrictions were gradually relaxed between July and September, and the government is now moving to a monthly approval process instead of relying solely on a quota system.

While the shipments are primarily destined for Asian markets, they could reduce competition for refined products elsewhere, potentially easing supply strains in Europe. The European Union sees the development as a possible factor in lowering wholesale fuel costs, though any retail price impact will depend on broader market conditions. The International Energy Agency continues to address global shortages through emergency oil stock releases and prioritising diesel availability.