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Shandong Teapot Crude Storage Rates Fall on Week

OIL

Crude storage capacity utilisation rates among independent refineries in China’s Shandong province are set to be down marginally in the week to March 15, according to OilChem.

  • The average for the seven days to March 15 is 43.6%, down 0.1 percentage points on the week.
  • This is down 5.6 percentage points from the same period in 2023, according to OilChem data.

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