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Refining Market Looks Soft for World

October 1, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Refinery activity in China is down and imports in July slumped to their lowest levels since 2022, indicating that the nation's oil sector is soft. Additionally, two refineries whose output totals 136,000 barrels per day (BBL/d), are either shutting down or are delaying a restart after a planned turnaround that began in July 2024. China is the world's largest crude oil importer.

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