Chinese Oil Refiners Cut Output as Crude Imports Plunge

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Published: 1 hour ago

Chinese oil processors sharply reduced output last month following plunging crude imports, with state-owned sector refining runs hitting multiyear lows. This signals weakening Chinese oil demand. The development could weaken commodity currencies like AUD and CAD while potentially strengthening USD as lower Chinese demand reduces global oil prices and inflationary pressures.

Nothing to see yet 😢