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China’s State and Independent Refiners Cut Runs Again: OilChem


Diesel inventories in China fell in the week to Nov 10 by -0.6% w/w to the lowest since Sep 28 at 16.3m tons according to Bloomberg based on OilChem data. Gasoline inventories rose by 0.3% w/w to 13.3m tons.

  • China’s state-owned refinery run rates fell in the week to the lowest since May 25 at 76.04% of capacity.
  • Teapots in Shandong province cut runs again to the lowest since May 2022 at 56.57% of capacity.

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