China June crude stocks to soar to new high as cheap inflow outpaces throughput

MOSCOW (MRC) -- China's crude oil stockpiles will likely extend the uptrend to hit a new record high in June as refinery feedstock imports outpace the rise in throughput levels, while storage availability encourages refiners to actively procure barrels to take advantage of low crude prices, reported S&P Global.The slide in crude prices and recovery in economic activity late March had enc

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