China’s Fuel Oil Exports Hit 2026 High as Shipping Demand Rebounds

China exported 577,000 barrels daily of fuel oil last month, which was the most since the start of the year and an 18% increase from June 2025, Reuters reported today, citing official customs data. At the same time, overall refined products exports declined, as exports of gasoline, diesel fuel, and jet fuel remained under government restrictions. The total refined product number stood at 4.36 million tons, which represented an 18.3% decline on the year, the data showed, as cited by China Global South. As a result of the monthly surge, the total…