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Story summary
- PetroChina suspended oil product exports beyond Hong Kong and Macau until further notice.
- Zhejiang Petrochemical Corp skipped scheduling oil product shipments during the week-long holiday.
- The export halt may tighten global supplies, potentially pushing fuel prices to new highs.
- Asian diesel refining margins rose to about $75 a barrel, the highest in a week.
- The suspension coincides with China’s week-long holiday that began on October 1 and ends on October 7.