CHINA DATA: Independent refineries’ feedstock imports tumble to 34-month low in May

China’s independent refining sector’s feedstock imports in May tumbled to a 34-month low as the prolonged lockdown in major cities capped crude buying. Inflows could improve in June as COVID-19 restrictions gradually ease with cheap Russian deliveries rising, industry sources said June 6. The private refining sector’s overall feedstock imports, including crude oil, bitumen blend and fuel oil, fell 30.7%…