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China’s Refinery Runs Hit Four-Year Low as Crude Imports Collapse

Chinese refiners reduced their run rates to the lowest in four years as crude imports dropped to an eight-year low, Bloomberg reported to…

Source OilPrice AI Summary Updated 3h 01m ago

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Chinese refiners reduced their run rates to the lowest in four years as crude imports dropped to an eight-year low, Bloomberg reported today, citing official statistics data. The average run rate for Chinese refineries in May stood at 66.3%, with total volumes processed over the month down by 9.1% on the year to 53.72 million tons, the data also showed. The…

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