China Significantly Reduces Fuel Export Quota, Report Says
China cut its fuel export quota by more than half in its first group of allocations for 2022, Bloomberg reported Jan. 4. The country issued a quota of 13 million tons, about 56% less than the 29.5 million tons announced…
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in the same batch last year, the report said. China’s overall fuel export quota in 2020 was already 36% lower than its quota in 2020, the report said.