China's Crude Oil Refining Hits Three-Month Low

Crude oil refining in China fell to the lowest in three months in September as more refineries closed for regular seasonal maintenance. Even so, oil prices will likely suffer a negative impact from the news, as it also revealed refining since the start of the year was down 1.6%. Chinese refineries processed 58.73 million tons of crude oil last month, Bloomberg reported, adding that refiners are in a challenging situation with regard to gasoline demand because of the growing electrification of China’s transport system. In addition to this,…