REFINERY NEWS ROUNDUP: China’s crude throughput set to fall further in May

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. In May, utilization rates at China’s four state-owned refiners fell from a two-year low to 73.4%, the lowest since 70.4% in March 2020. Most…