Energy Insider: China Slashes Fuel Export Quota in First 2022 Allotment

In today’s Caixin energy news wrap: Leading EV makers report surging sales; regulators focus on small hydropower stations in Yellow River basin; China-Laos Railway carries 50,000 tons of cargo in first month.

China slashes fuel export quota in first 2022 allotment

China reduced its fuel export quota by more than half in the first batch of allocations for 2022 as the country moves to curb excess domestic refinery production and carbon emissions, Bloomberg reported. Allotments totaling 13 million tons were issued, the news service reported. That’s 56% less than 29.5 million tons in the first batch for 2021.