China’s refiners are expected to lower their refinery runs at the biggest scale—by 900,000 barrels per day (bpd)—since the beginning of the pandemic in 2020, as new COVID-related lockdowns weigh on fuel consumption, analysts and industry sources told Reuters on Thursday. China’s demand, especially gasoline demand, has suffered in recent weeks as authorities continue with their “zero COVID” policy and lockdown large cities and areas to contain a surge in infections.
Most recently, China locked down 26 million…Chinese Refiners Cut Output At An Alarming Rate
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