Chinese refinery run rates fell by 10% on the month in August, contributing to persistent bearishness on oil markets even as supply disruptions in the U.S. and Libya helped the benchmarks start the week with gains. ING analysts Warren Patterson and Ewa Manthey wrote in a note earlier today that August processing rates at Chinese refineries averaged 12.6 million barrels daily, which besides being a tenth lower than July rates, was also down by 17.5% on the year. At the same time, these rates suggest that Chinese refiners were building inventories…
Hence then, the article about chinese refining data adds to bearish sentiment in oil markets was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Chinese Refining Data Adds to Bearish Sentiment in Oil Markets )