China urges state refiners to halt April fuel exports, says report

Russia is the world's top exporter of crude and oil products combined, at around 7 million barrels per day

Beijing has told Chinese state refiners to consider suspending exports of gasoline and diesel in April as the Ukraine war heightens concern of shortages, three sources with knowledge of the matter said on Wednesday.

The global market is reeling from the impact of Russia’s invasion of Ukraine that has led to western sanctions on Russia, the world’s leading supplier of crude and products. The prospect of a further reduction in Asian exports helped to drive refining margins for some products to record highs.

Asian supplies have also been reduced by outages because of the refinery maintenance season and action by the Chinese