Bloomberg News China issued its latest batch of fuel export quota for the year, but total allowances are still around 40% less than the same point in 2021. Some 5 million tons of diesel, gasoline and jet fuel quotas were awarded, according to refinery executives who received preliminary notices from the Ministry of Commerce and a note from local consultant OilChem. The executives asked not to be identified because they aren’t authorized to speak to media. The commerce ministry didn’t immediately reply to a fax seeking comment. That takes issuance in 2022 to 22.5 million tons, compared with 37 million tons for the same period last year. Beijing controls how much fuel both state-owned and private refiners can export, and has been seeking to limit shipments as part of efforts to reduce pollution and consolidate the sector. A large chunk of China’s refining capacity is currently not being used […]