China issues 2.5 mil mt LSFO export quota in third batch for 2022

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Beijing has allocated 2.5 million mt, or 15.88 million barrels, of low sulfur fuel oil export quotas in the third round for bonded bunkering in 2022, down 16.7% from the same round for 2021, sources with knowledge of the matter said July 6. However the new allocation brings total fuel oil export quotas in the first three rounds for the…