China's refinery throughput fell to its lowest level since 2020 in June as refiners cut processing due to weak fuel demand, expensive crude, and reduced Middle East oil supplies.

China's crude imports rebound as fuel export curbs ease. Crude oil to reach a new all-time high by December 31 at 14.5% YES.

Chinese refiners have yet to start ramping up their operating runs, almost a month after Iran and the US signed an initial MOU.

China's crude oil imports significantly dropped in June to a ten-year low. This decline occurred as refinery operations reached their lowest point in a decade. Domestic demand…

China's crude oil processing in June reached its lowest point since the pandemic began. This decline occurred as global supply tightened and domestic demand weakened…