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Shandong Teapot Inventory Rates Stable on Week

OIL

Crude oil inventory rates at Shandong’s independent refineries were largely stable in the seven days to Feb. 23, according to OilChem.

  • Inventory rates at Shandong’s Teapots averaged 43.8% in the week to Feb. 23, down just 0.1 percentage points.
  • However, this is down by 5.06 percentage points compared to the same period in 2023, according to OilChem data.

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