China’s independent refineries are snapping up fuel oil, resuming imports after a nearly five-year hiatus, as Beijing’s crackdown on crude oil quota trading along with new fuel taxes limit refinery feedstock options. Five companies, including four refineries based in Shandong province and one local trader, booked 5.2 million barrels of fuel oil from Russia and …
The post China’s teapots snap up fuel oil after 5-year import hiatus – sources first appeared on Hellenic Shipping News Worldwide.