A rebound in crude oil demand as the Chinese economy returns to normal operation pushed crude oil throughputs at refineries higher by 3.3% over the first two months of the year. At an average of 14.36 million barrels daily, per Reuters, Chinese refinery throughputs in January to February compared with 13.98 million bpd for the first two months of 2022 and 14.1 million bpd for December 2022. Because of a rebound in economic activity, many expect demand for crude oil in China to surge to new record highs, driving record imports, too. Reuters reported…
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