CHINA DATA: May crude throughput slumps 11% on year but recovers marginally from April

China’s crude throughput slumped 10.9% on the year to 12.75 million b/d in May, but recovered 0.7% from a two-year low of 12.66 million b/d in April amid Beijing’s effort to stimulate the sagging economy following pandemic-led movement curbs, the National Bureau of Statistics data showed June 15. Analysts expect a further month-on-month growth in June on the back of…