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Crack spreads surge as oil hits $100, refining constraints bite
Valor Econômico·3 days ago
China is likely to reduce fuel exports in October as domestic gasoline and diesel inventories have fallen to multi-year lows, potentially tightening global fuel supply. August exports recovered to 6.01 million tons, up 12.7% year-on-year, after Beijing lifted export restrictions imposed during the Strait of Hormuz blockage. The reduction could add upward pressure on global fuel prices, though the exact scale and timing remain uncertain.
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