China’s Independent Oil Refiners Slash Runs to Nine-Year Low

AI Summary

China’s independent oil refiners have reduced their operating rates to the lowest level in nine years, influenced by ongoing geopolitical tensions arising from the US-Iran war impacting crude imports from Tehran. This development signals challenges for China as a leading oil importer amid the conflict.

China’s independent oil refiners have slashed operating rates to a nine-year low, highlighting the lingering impact of the US-Iran war on the leading importer of Tehran’s crude.