China’s Fuel Exports Jump to 13-Month High

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs. Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons in July, up by 7.1% compared to a year earlier, according to customs data cited by Reuters. China’s diesel and gasoline exports have dropped year to date, but shipments surged in July from the same month of 2024. Diesel exports…