China Refining Runs Down vs. June

摘要

China’s refining throughput jumped 11.6% year-on-year to 12 million b/d in July, but still slumped by 163,000 b/d compared to June. The drop was likely due to refinery turnarounds as well as a sharp drop in runs in Shandong province, home to most of China’s independent teapot refineries.