Refined Product Shortage Deepens as China Curbs Exports

Diesel remains the key point of stress, with IEA supply and inventory-rebuild concerns compounded by Chinese and Russian restrictions, Ukrainian refinery attacks, low stocks and Gulf logistics disruption. The U.S. has offered another 17 million SPR barrels, but the reserve is reportedly around 283 million barrels and prior offers with costly repayment terms attracted little interest; actual relief remains uncertain.