China’s refineries cut April throughput, lift product exports amid weaker local demand
China’s refineries are to slash throughput in April and lift oil product exports from initial plans to compensate for falling domestic demand due to COVID-19 lockdowns, refiners told S&P Global Commodity Insight on April 8. The country’s financial center, Shanghai, a city of 25 million people, has gone into lockdown due to omicron variant outbreaks and there have been reports…