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Shandong Independent Refinery Storage Rate Up Marginally


Crude oil storage utilisation rate at independent refineries in China’s Shandong region was up marginally by 0.25% on the week, according to OilChem.

  • The Crude oil storage utilisation rate was 48.92% in among independent refineries as of Aug. 23.
  • The statistics cover 25 independent refineries in Shandong, covering about 72% of the region’s total capacity.
  • Meanwhile, China's commercial crude oil inventory index was recorded at 107.08 Aug. 23. The storage capacity utilization rate was 58.49%, down 2.65% on the week, according to OilChem.

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