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China’s crude throughput is set to rise month on month in June as refineries resume operations from maintenance amid expectations of demand recovery from pandemic-led movement curbs, data from S&P Global Commodity Insights showed June 28. However, the increase is expected to be capped by high product inventory as demand recovery is slower than expected, .
China’s crude throughput is set to fall further in May, extending the downtrend seen in April when it fell to the lowest in two years, as prolonged pandemic-related movement restrictions prompt state refiners to slash output. In May, utilization rates at China’s four state-owned refiners fell from a two-year low to 73.4%, the lowest since .
China’s crude throughput is set to fall further in May, extending the downtrend seen in April when it fell to the lowest in two years, as prolonged pandemic-related movement restrictions prompt state refiners to slash output further, data from S&P Global Commodity Insights showed May 27. Asia’s biggest oil consumer is witnessing overall subdued crude .