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BREAKING NEWS: China halts export of diesel and gasoline.
Beijing has reportedly ordered its largest oil refinery to immediately suspend all exports of diesel and gasoline.
The instructions include:
Ceasing the signing of new export contracts and Cancelling scheduled shipments
This move effectively removes one of the world's largest fuel exporters from the global supply, right at a time when energy market conditions are sensitive.
If this policy persists, global fuel supplies could become even tighter and potentially drive up energy prices.
Additional:
Those planning to go home for the holiday, prepare now before supplies become scarcer and you might not be able to go home due to lack of fuel.