China Tells Private Refiners to Keep Up Fuel Output at All Costs

Chinese officials have told private refiners to keep fuel production at 2025 levels — even if they have to incur economic losses as a month-long war in the Middle East upends the global crude oil trade.

At meetings earlier this week, the National Development and Reform Commission told executives from the country’s private processors that securing domestic fuel supply was a priority, which means producing gasoline and diesel at volumes at least equal to last year — at any cost, people familiar with the discussions said.