China’s June Refined Oil Product Exports Improve from May Amid Export Curbs

Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP)
Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP)
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China’s June Refined Oil Product Exports Improve from May Amid Export Curbs

Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP)
Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP)

China's June refined oil product exports improved from May, but still tumbled from the same period last year, amid export restrictions that started in mid-March to safeguard domestic supply in the wake of the Iran war.

China is one of Asia's largest fuel exporters, and the higher export allowance would ease tight supplies as regional refiners curtailed output ‌because of war-related ‌crude shortages.

China's refined products exports, including ‌gasoline, ⁠diesel and jet fuel, ⁠to Hong Kong and Macau totaled 643,712 tons, slightly up 4% from last June.

China's refined oil products exports to regions apart from Hong Kong and Macau stood at 804,968 tons in June, down 64% from the ⁠same period last year, but ‌up 11% from May.

Gasoline ‌exports totaled 76,753 tons, excluding volume to Hong ‌Kong and Macau, to Asian regions. Cambodia ‌received 30,267 tons and Sri Lanka received 30,000 tons as the two biggest recipients. Exports to Myanmar were 9,512 tons.

China exported 245,904 tons of diesel ‌to regions excluding Hong Kong and Macau, mainly to Asian countries, with ⁠exports ⁠to Bangladesh standing at 118,408 tons as the biggest export destination.

China exported 55,846 tons of biodiesel, mainly to Belgium and the Netherlands, in June.

It remains unclear if Beijing's export restrictions cover biodiesel, mainly made from used cooking oil.

Jet fuel exports, excluding Hong Kong and Macau, stood at 426,465 tons, down 15% from May and slumped 64% from a year ago, with the biggest export destination, Vietnam, at 110,340 tons.



Saudi Arabia Records 6,484 Franchise Registrations, Up 53%

A consumer goods store in Saudi Arabia (SPA)
A consumer goods store in Saudi Arabia (SPA)
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Saudi Arabia Records 6,484 Franchise Registrations, Up 53%

A consumer goods store in Saudi Arabia (SPA)
A consumer goods store in Saudi Arabia (SPA)

Commercial franchise registrations in Saudi Arabia grew by 53% during the first nine months of 2026, reaching 6,484, compared with 4,227 at the end of 2025, according to the Ministry of Commerce.

The ministry said the food and beverage, fuel and petroleum, and fashion and apparel sectors accounted for the highest number of franchise registrations in the Kingdom.

It explained that the Commercial Franchise Law aims to regulate and develop the sector, enhance transparency, protect the rights of all parties involved, and create an attractive investment environment.

It also seeks to improve the quality of goods and services and support the sustainability, growth and expansion of commercial activities.


Saudi Stock Market Falls 0.8% for Second Consecutive Session

A man walks past the Tadawul logo at the Saudi stock exchange (AFP)
A man walks past the Tadawul logo at the Saudi stock exchange (AFP)
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Saudi Stock Market Falls 0.8% for Second Consecutive Session

A man walks past the Tadawul logo at the Saudi stock exchange (AFP)
A man walks past the Tadawul logo at the Saudi stock exchange (AFP)

Saudi Arabia's benchmark Tadawul All Share Index (TASI) closed Sunday's session down 0.8% at 9,838 points, shedding 83 points amid total trading turnover of approximately SAR 3.1 billion.

The decline marked the index's second consecutive losing session after it fell 1% on Thursday to 9,922 points, ending a three-day winning streak that began with a 3.4% surge on Monday, followed by gains of 2.3% on Tuesday and 0.4% on Wednesday.

Despite Thursday's losses, the index ended last week up approximately 2.4%.

During Sunday's session, the benchmark fluctuated between a low of 9,789 points and a high of 9,923 points, moving further away from the 10,000-point threshold it had surpassed during trading last week.

Market Declines

Among heavyweight stocks, Al Rajhi Bank edged down approximately 0.1%, while ACWA Power fell around 3%.

Shares of Alujain and SPIMACO dropped approximately 10% each, while Saudi Reinsurance (Saudi Re) declined 8% and Jabal Omar Development fell around 7%.

Dr. Sulaiman Al Habib Medical Services Group and ZOUJAJ closed at SAR 214 and SAR 35.02, respectively, down 3% and 2% following the passing of their dividend eligibility dates.

Elm Leads Gains

In contrast, Elm shares surged approximately 9% following the release of the company's financial results.

SAHL rose around 4%, Sports Clubs Company gained more than 4%, and Watani Iron Steel advanced more than 2%.

BinDawood Holding and Sumou Real Estate each jumped 5%.


Türkiye Appoints Muhsin Atci as Head of Capital Markets Board

Spectators gather outside Anitkabir, the mausoleum of the Turkish Republic's Founder Mustafa Kemal Ataturk, as Turkish Air force pilots of the 'Turkish Stars' fly over the mausoleum during celebrations to mark the 103th anniversary of the Republic of Türkiye in Ankara on October 29, 2026. (Photo by ADEM ALTAN / AFP)
Spectators gather outside Anitkabir, the mausoleum of the Turkish Republic's Founder Mustafa Kemal Ataturk, as Turkish Air force pilots of the 'Turkish Stars' fly over the mausoleum during celebrations to mark the 103th anniversary of the Republic of Türkiye in Ankara on October 29, 2026. (Photo by ADEM ALTAN / AFP)
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Türkiye Appoints Muhsin Atci as Head of Capital Markets Board

Spectators gather outside Anitkabir, the mausoleum of the Turkish Republic's Founder Mustafa Kemal Ataturk, as Turkish Air force pilots of the 'Turkish Stars' fly over the mausoleum during celebrations to mark the 103th anniversary of the Republic of Türkiye in Ankara on October 29, 2026. (Photo by ADEM ALTAN / AFP)
Spectators gather outside Anitkabir, the mausoleum of the Turkish Republic's Founder Mustafa Kemal Ataturk, as Turkish Air force pilots of the 'Turkish Stars' fly over the mausoleum during celebrations to mark the 103th anniversary of the Republic of Türkiye in Ankara on October 29, 2026. (Photo by ADEM ALTAN / AFP)

Muhsin Atci has been appointed as chairman of Türkiye's Capital Markets Board (SPK), with Ersin Başar Ekmekci appointed as deputy chairman, according to a ⁠decision announced in ⁠the country's Official Gazette on Sunday.

Atci's predecessor, Mahmut Sutcu, ⁠was dismissed from his post as SPK chairman on October 20.

Atci was previously head of Türkiye's tax audit board.

The Official ⁠Gazette ⁠decision, signed by President Recep Tayyip Erdogan, also appointed Yasemin Girici as a member of the board.