Asia: China Crimps Products Output for Olympics and New Year

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China’s first-quarter downstream performance is expected to show limited refining runs and exports on the back of the Lunar New Year holidays, Beijing Olympic Games and limited products export quotas. Refiners are currently boosting their runs to ensure high products inventories ahead of the new year celebrations on Feb. 1. This year more people are expected to travel over the holidays, more so than in 2021, when the government encouraged people to stay put.

Oil Products, Oil Supply, Refining, Crude Oil
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