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Crude Oil Storage Utilisation at Shandong Teapots Flat on Week

OIL

Crude oil storage capacity utilisation at independent refineries in China’s Shandong region averaged 47.1% Nov. 29, down just 0.04 percentage points on the previous week, according to OilChem.

  • The statistics cover 25 independent refineries in Shandong Province.
  • China’s total crude oil and bitumen storage capacity utilisation averaged 59.67% as of Nov. 29, down 0.54 percentage points on the week.
  • This puts total crude oil and bitumen storage utilisation 0.71 percentage points lower than the same period in 2022.

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