China’s Independent Refiners Boost Run Rates ...Middle East

OILPRICE - Economy
China’s Independent Refiners Boost Run Rates
source : OILPRICE ( Middle East ) () 59
Independent refineries in China, often called teapots, raised their run rates in March in a positive sign for oil demand from the world’s largest importer but worry remains about the immediate outlook. The average run rate for the independents last month was 46%, Reuters reported, citing figures from Chinese energy consultancy Oilchem. The publication noted, however, that the March increase came from a rather low base of below 45% in February as the effect of the Biden administration’s parting sanctions on Russia’s energy industry…

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