Lower runs at China’s refineries, higher in Japan
China’s crude throughput fell slightly in December due to some maintenance works toward the year-end, the latest industry data and information collected by S&P Global Platts showed. The average run rate of the four state-owned oil majors, Sinopec, PetroChina, CNOOC and Sinochem, stood at around 78% to date in December, from an 80% average in November, according to the data. The reduction comes despite a rise in gasoline and gasoil sales since mid-November, as refineries try to clear product inventories ahead of year-end book closures, refiners and analysts said. PetroChina’s ...
Read More »