China suspends refined oil exports in March to ensure domestic supply — Reuters

LootboxPhobia · 2026-03-12T05:24:22+00:00

China has ordered refineries to suspend refined oil exports for March to ensure domestic supply and address the shortage risks caused by the Middle East conflict. This move could impact the regional fuel market, and Brent crude oil prices have also surged significantly as a result.

LootboxPhobia

2026-03-12 05:24:22

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Investing.com — Reuters reported on Thursday that China has ordered oil refineries to immediately suspend exports of refined oil products for March to ensure domestic supply and address shortages related to the Middle East conflict.

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The report, citing four informed sources, states that the directive was issued by the National Development and Reform Commission (China’s top economic planning agency) and applies to the export of gasoline, diesel, and jet fuel.

China is one of the world’s largest fuel producers and exporters; restricting exports could impact regional fuel markets.

This move comes as the escalation of Middle East conflicts increases global energy supply risks.

Brent crude oil surged nearly 10% on Thursday, breaking above $100 per barrel.

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