China's Latest Move Could Further Raise Global Diesel Prices

China may not issue additional fuel export quotas this year, which could further raise global diesel prices amid tight supplies and a still unknown duration of a Russian export ban currently in force. The Chinese authorities have already told the biggest oil refiners in the world’s top crude oil importer not to rely on more fuel export quotas for the rest of the year, unnamed sources with knowledge of the situation told Bloomberg on Thursday. So far this year, China has issued three batches of fuel export quotas to its major refiners…