China’s curbs on fuel exports are helping keep diesel scarce and refiners elsewhere profitable. At some point, Beijing may also start buying more crude to rebuild its stocks. This week we look at two refiners benefiting from the shortage, and a futures spread that shows how much more traders will pay for oil today than for delivery next year. As always, this is a sector spotlight, not investment advice. GED does not make buy, sell or hold recommendations, and this should not be read as a financial promotion.

Oct 22, 2026
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2 min read