Oil Refineries In China Struggle With Outages And Weak Demand

Refinery throughput at the world’s top crude oil importer, China, slumped by 6.5% in August from a year earlier and remained close to the levels from July 2022, which saw the lowest refinery runs since the height of the pandemic in 2020.   In August, China's refinery crude throughput was at 12.64 million barrels per day (bpd), down by 6.5% compared to August 2021, and only slightly higher than the 12.53 million bpd in July 2022, per Reuters calculations based on volumes in tons released by China’s National Bureau of Statistics…