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China halts fuel exports, pushing Brent above $101

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 has ordered its refiners to stop fuel exports until further notice, joining other major suppliers in keeping fuel at home. Brent crude jumped more than $3 to $101.20 a barrel on the news. Russia had already banned diesel exports, and observers say big producers are increasingly prioritising domestic supply, raising concerns about global fuel availability and prices.

Why now: Export restrictions by major suppliers are pushing oil prices sharply higher and raising fears of a global fuel crunch.

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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 · 765

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