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China Tells Major Refiners to Keep Fuel Output High Amid Persian Gulf Disruptions
China directed some major refiners to keep fuel output high to protect domestic consumers amid strikes threatening Persian Gulf shipments. The move arrives during recurring regional disruptions and may offset global supply shortfalls, @business reported.
Jul 11, 5:56 AM·1m read1 source
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China instructed some major refiners to keep fuel production high, @business reported. The directive seeks to protect domestic consumers as strikes in the Persian Gulf threaten oil shipments. The instruction arrives amid recurring disruptions to oil movements through the region.
The directive aims to protect domestic consumers; higher output may also help offset global supply shortfalls. No further details on the refiners involved or specific production targets were provided.
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