China asks refineries to cancel jet fuel cargoes, raising supply risks

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China has told oil refiners to halt all fuel exports amid a worsening conflict in the Middle East, casting doubt over at least two cargoes due to be shipped to Australia and raising the risk of broader shortages within a month.

Officials in China have instructed refineries not to load cargoes that had not cleared customs by March 11, according to Aldric Chew, the head of oil pricing in Asia Pacific at data service Argus, citing traders.

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