Take Your Trading To The Next Level. Get Started Here!

China’s weak refining margins may mean ‘lower appetite’ for crude: Vitol’s Muller

November 6, 2023 Comments Off

China’s refining margins at the lowest this year may mean a “lower appetite” for crude oil by the world’s largest energy consumer in the next few months at a time when demand in Asia usually peaks, the head of Vitol Asia said Nov. 5. The recent slide in China’s refining margins –in some cases turning negative– is probably due to…