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China halts fuel exports, sending oil prices higher

Original: The world's big fuel suppliers are starting to keep their fuel to themselves, one by one. China is the latest, with its

China's refiners have halted fuel exports until further notice, joining other major suppliers in restricting sales abroad. The move pushed Brent crude up more than $3 to $101.20 a barrel. Russia has already banned diesel exports, raising concerns that major producers are increasingly keeping fuel for domestic markets and tightening global supply.

Why now: Fuel export restrictions from major suppliers are pushing oil prices up and raising worries about global supply.

ChinaRussiaBrent crude

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• The world's big fuel suppliers are starting to keep their fuel to themselves, one by one. China is the latest, with its refiners halting fuel exports until further notice, sending Brent up more than $3 to $101.20 a barrel. Russia already did the same with diesel, banning · MarioNawfal · 767

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