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Mmastodon BusinessCrypto first seen 8 h ago, last 7 h ago, peak #2

PetroChina said to halt overseas fuel exports

Original: 🚨 China stoppt Ölexporte! PetroChina storniert Kerosin- & Benzinlieferungen ins Ausland (außer HK/Macao) . Höhere Energi

PetroChina has reportedly cancelled deliveries of kerosene and petrol to destinations abroad, with Hong Kong and Macao exempt. The reports warn of higher energy and transport costs in Europe as winter approaches, raising fears of supply squeezes and price increases. Observers also note that cryptocurrency markets have so far shown little reaction to the news. No confirmation from Chinese authorities or PetroChina has been verified.

Why now: A possible halt to Chinese fuel exports threatens higher winter energy and transport costs, sparking concern

PetroChinaChinaHong KongMacao

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