China's Crude Oil Refining Hits Three-Month Low

Barchart · 10/18 04:06
Crude oil refining in China fell to the lowest in three months in September as more refineries closed for regular seasonal maintenance. Even so, oil prices will likely suffer a negative impact from the news, as it also revealed refining since the start of the year was down 1.6%. Chinese refineries processed 58.73 million tons of crude oil last month, Bloomberg reported, adding that refiners are in a challenging situation with regard to gasoline demand because of the growing electrification of China’s transport system. In addition to this,…