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 .
Chinese refiners’ crude throughput in April slumped 10.5% year on year to a two-year low of 12.66 million b/d as COVID-19 lockdowns reduced oil demand, National Bureau of Statistics data showed. The April throughput fell 8.6% from 13.85 million b/d in March, and was below the January-February average of 14.04 million b/d. Meanwhile the 320,000 .
China’s crude throughput is set to reach a two-year low in April as state and independent refiners have slashed runs because of the latest COVID-19 resurgence that has hurt the country’s appetite for oil products when refineries are undergoing scheduled maintenance, data from S&P Global Commodity Insights showed. April run rates at the country’s four .