Chinese independent refiners shy away from crude purchases amid rising stockpiles, low margins

Chinese independent refiners shy away from crude purchases amid rising stockpiles, low margins
WESPECH PTE LTD
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22.07.2020

MOSCOW (MRC) -- Plagued by high crude stockpiles and weak margins, Chinese independent refiners have curtailed buying cargoes in the September-loading cycle, impacting differentials for several China-focused grades in the region, said S&P Global.Chinese refiners' top crude picks, including Oman and Russia's ESPO Blend grades, have taken a hit in recent days amid tepid buying appetite fro

Full article at mrcplast.com

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