BEIJING : China reportedly ordered refineries to immediately stop exporting refined products in March to ensure domestic energy supplies. The directive applies to the supply of gasoline, diesel and aviation fuel and was issued by the country’s National Development and Reform Commission.
Energy experts say the move reflects China’s strategy to prioritize domestic demand and maintain price stability at a time of instability in international energy markets.
For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Read More
- Drone attack sparks fire at Kuwait border crossing
- Trump says Saudi nuclear deal requires Abraham Accords entry
- US strikes Iran for 12th night as regional tensions spread
- Record heat intensifies Europe’s drought crisis, France reports over 5,700 heatwave deaths
- World Bank warns escalating US-Iran conflict could fuel inflation, slash global growth to 1.3%
