China's 2022 oil refinery runs fall for first year since 2001
SINGAPORE : China's oil refinery throughput in 2022 fell 3.4 per cent from a year earlier, its first annual decline since 2001, as China's rigid COVID-19 controls took a toll on the economy and fuel consumption.
Following eight months of consecutive year-on-year declines between January and August, refinery processing began a rebound in September as the government shifted its fuel trade policy by issuing a large set of quotas to spur exports. Graphic: China's 2022 crude oil imports, fuel exports https://fingfx.thomsonreuters.com/gfx/ce/dwvkdazeepm/china%202022 per cent20crude%20oil%20imports%20fuel%20exports.jpg
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