Chinese fuel exporters have cancelled planned October shipments of diesel and gasoline to safeguard domestic inventories. The export halts follow reduced refined product flows from the Persian Gulf caused by refinery outages and shipping constraints. Supply deficits along Asia-Gulf trade routes were further compounded by an extension of Russian diesel export restrictions.
Abu Dhabi Global Market confirmed a 54 percent growth in assets managed by free zone firms over the past 12 months. Entity investments in artificial intelligence surpassed $100 billion, driven primarily by tech investment firm MGX. Abu Dhabi also rose to 13th globally in the Global Financial Centers Index published by Z/Yen and China's CDI.
Chinese fuel exporters have cancelled several planned October shipments of gasoline and diesel to prioritize domestic energy supplies. The supply reduction follows below-normal product flows from the Persian Gulf and tight domestic fuel inventories. Trading spreads for refined fuels in Asia widened sharply following the cargo cancellations.
Crude oil benchmarks remained above $100 per barrel as market participants balanced Chinese fuel export curbs against rebounding Middle Eastern crude shipments. Brent crude reached $102.60 per barrel and WTI stood at $93.14 per barrel following Chinese refiners suspending refined fuel exports beyond Hong Kong and Macau. Meanwhile, Middle East crude exports recovered to 17.5 million barrels per day following the restart of Saudi Arabia's East-West Pipeline.
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