# GOLDMAN SACHS GROUP | Oil prices rise $3 as China suspends fuel exports (updated)

> Chinese refiners reportedly suspended oil product exports beyond Hong Kong and Macau until further notice, and Brent rose about $3 on the news. Reports also said the US urged Germany and France to draw down emergency diesel stocks amid a global diesel shortage.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/36136-goldman-sachs-group-oil-prices-rise-3-as-china-suspends-fuel-exports-updated
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A major exporter halting fuel shipments tightens global diesel and crude supply, pushing up freight and feed production costs. Higher energy prices would raise delivered feed prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-01 | [Oil prices rise $3 as China suspends fuel exports](https://feedsoft.ai/events/9318-oil-prices-rise-3-as-china-suspends-fuel-exports.md) | +2.6% | +8.8% |
| BRENT | 2025-11-14 | [Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack \| Reuters](https://feedsoft.ai/events/22138-oil-settles-up-more-than-2-as-russian-port-suspends-oil-exports-after-ukrainian.md) | +1.5% | -1.6% |
| BRENT | 2024-04-16 | [Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel](https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after.md) | -3.7% | -8.0% |
| BRENT | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -2.4% | -7.2% |
| BRENT | 2026-09-30 | [Oil prices rise by about $1/bbl on stalled US-Iran talks and tight fuel markets - CNA](https://feedsoft.ai/events/17633-oil-prices-rise-by-about-1-bbl-on-stalled-us-iran-talks-and-tight-fuel-markets.md) | +3.9% | +9.5% |
| WTI | 2026-10-01 | [Oil prices rise $3 as China suspends fuel exports](https://feedsoft.ai/events/9318-oil-prices-rise-3-as-china-suspends-fuel-exports.md) | -2.3% | +8.7% |
| WTI | 2025-11-14 | [Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack \| Reuters](https://feedsoft.ai/events/22138-oil-settles-up-more-than-2-as-russian-port-suspends-oil-exports-after-ukrainian.md) | +0.8% | -2.9% |
| WTI | 2024-04-16 | [Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel](https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after.md) | -2.8% | -6.7% |

## Sources

- stockopedia.com: https://www.stockopedia.com/share-prices/goldman-sachs-group-NYQ:GS/news/oil-prices-rise-as-china-suspends-fuel-exports-updated-01a0f5c7-bc58-7614-94b0-23bb34bd9eb2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.