CHINA DATA: May crude throughput to fall from two-year low on weak demand, maintenance
China’s crude throughput is set to fall further in May, extending the downtrend seen in April when it fell to the lowest in two years, as prolonged pandemic-related movement restrictions prompt state refiners to slash output further, data from S&P Global Commodity Insights showed May 27. Asia’s biggest oil consumer is witnessing overall subdued crude runs as output cuts and…