Data as of: Friday, October 2, 2026 (Friday closes); weekend official statements through Sunday morning, October 4 Issued: Sunday, October 4, 2026 (America/Toronto) Evidence key: CONFIRMED (primary source), REPORTED (multiple outlets), RUMORED (unverified market reporting), ANALYTICAL (inference).
Chinese refiners suspended exports of refined oil products for October after Beijing gave no green light on export quotas before the Oct 1–8 Golden Week holiday, Reuters reported on Oct 1 citing sources. PetroChina cancelled a handful of gasoline and jet-fuel cargoes on Sep 30, and the country’s other major refiners skipped scheduling October cargoes. Shipments to Hong Kong and Macau are excluded. [REPORTED, Reuters]
Asian diesel refining margins rebounded to about $75 a barrel, the highest in a week, as the market priced in the loss of Chinese barrels. The halt lands at the worst possible moment for global diesel: it directly cancels out the G7’s plan to frontload diesel from emergency stocks, setting up a tug-of-war over the same physical barrel. [REPORTED; framing ANALYTICAL]
China’s Golden Week ends Oct 8, when markets reopen and Beijing could re-issue quotas. Until then, product markets face a week of thin liquidity with the world’s swing product exporter sidelined. Watch Asian diesel cracks and Singapore stocks this week. [ANALYTICAL]