China saw an impressive rebound in crude imports last year, driven by the country’s post-Covid economic recovery. However, the picture is different this year, with average crude shipments into the country somewhat slipping, down by 50 kbd during the 1st half of the year, compared to the same period in 2023, sources Gibsons.
Sluggish ImportsImports are sluggish in part due to heavy maintenance taking place in Q2 and weakening refining margins in Asia. As a result, China’s refinery output was...
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