China’s Refinery Runs Hit Four-Year Low as Crude Imports Collapse

Chinese refiners reduced their run rates to the lowest in four years as crude imports dropped to an eight-year low, Bloomberg reported today, citing official statistics data. The average run rate for Chinese refineries in May stood at 66. 3%, with total volumes processed over the month down by 9.

1% on the year to 53. 72 million tons, the data also showed.