China Resumes October Refined Fuel Exports After Brief Halt and Grants 257 Million Tonne Oil Import Quota for 2027

China approved roughly 3.7 million metric tons in refined fuel exports for October, resuming shipments after a short pause, according to four trade sources cited by Reuters. The restart ends what sources described as a brief halt in outbound fuel shipments, with two industry sources confirming the specific volume authorized for the month.

Separately, China authorized 257 million metric tons of crude oil imports for non-state firms in 2027, a significant allocation that signals continued strong demand expectations for the coming year. China's most-traded coking coal futures contract also gained more than 3% on the day, reflecting broader strength across the country's energy and commodity complex.