China has just issued the latest batch of fuel export quotas for refiners, and total quotas so far this year are 39 percent lower than the collective quotas this time last year—a sign that Chinese fuel exports are unlikely to ease the tight fuel market globally. The Chinese authorities have approved the latest batch of export quotas for fuels, and it is for a total of 5 million tons, Reuters reported on Wednesday, citing sources. That would be enough for the refiners given quotas to make money with sales on the export market, but not enough…
