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المشهد العربي
Chinese refineries reduce output to six-year low
Oil refineries in China reduced their production in June to the lowest level in six years, with an 18% year-on-year decline, reaching 51.24 million tons. This decrease reflects weak demand, declines in oil imports to their lowest level in a decade due to slowing economic growth and a shift in the transportation sector toward electric power, along with shipping disruptions caused by the conflict in the Middle East. J.L. Consulting expects refinery output to continue declining throughout July as companies shut down their units for maintenance to mitigate operational losses.
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