China’s May refined fuel exports rise 40% from April but fall 69% year on year under export curbs

China’s refined oil product exports excluding Hong Kong and Macau rose 40% in May from April but plunged 69% from a year earlier, customs data showed. The drop comes as export restrictions tied to the Iran war were imposed to safeguard domestic supply, according to Reuters. Gasoline exports were 32,838 metric tons and diesel exports excluding Hong Kong and Macau were 216,196 tons, both still at low levels. Australia received 79,000 tons of jet fuel and 20,255 tons of diesel under agreed volumes.