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China's crude processing dips to March 2020 lows

CRUDE throughput at Chinese refineries slumped in July to the lowest level since March 2020, the height of the Covid pandemic, amid unplanned facility outages and lower processing rates at independent refiners due to declining refining margins.

Tim Daiss
China's crude processing dips to March 2020 lows

Chinese refiners processed some 53.21 million tons of crude oil last month, equal to 12.53 million bopd, official data from China's National Bureau of Statistics shows. Refinery throughput was down by...

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