July fuel oil shipments rose 18% month-on-month to 577,000 barrels per day, the highest level this year.
China’s fuel oil exports reached 577,000 barrels per day in July, an 18% increase from June and the highest level in 2026. The rise reflects rebounding shipping demand amid a broader decline in refined product exports.
Overall refined product exports fell 18.3% year-on-year to 4.36 million tons, as gasoline, diesel, and jet fuel shipments remained constrained by government quotas. Fuel oil’s surge contrasts with weaker exports of other refined products.
The data highlights shifting trade dynamics as China balances domestic refining capacity with global demand trends.