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Tag Archives: Chinese oil refineries

Chinese Refiners Go on Buying Spree as Oil Too Cheap to Ignore

Oil refinery

Bloomberg, February 14, 2020 Independent oil refiners in China take advantage of plunging oil prices A sudden oil buying spree by China’s independent refiners has taken Asian traders by surprise. After weeks of production cuts, cargo deferrals and cancellations because of the deepening impact of coronavirus on Chinese crude demand, companies including Shandong Shouguang Luqing Petrochemical Co., Shandong Huifeng Petroleum Chemical Co. and Sinochem …

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