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China’s Crude Oil Storage Rates Fall on the Week

OIL

China’s commercial crude oil storage utilization rates stood at 58.47% in the week to Oct. 18, according to OilChem.

  • This reflects a fall of 0.6 percentage points compared to the previous week.
  • Crude oil storage capacity utilization rates at Shandong’s independent refineries remained stable in the week to Oct. 18 at 47.44%, according to OilChem.
  • Crude oil inventory index across China was 105.19 in the week to Oct. 18.

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