China refiners cut oil output as thin margins, quota shortage bite
Oil
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Article by:
Muyu Xu, Trixie Sher Li Yap and Chen Aizhu - Reuters
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Date Published:
November 06, 2023
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Who was cited:
Mia Geng, Head of China Oil - FGE
China's oil refinery utilisation rates are easing from record third-quarter levels as thinning margins and a shortage of export quotas discourage plants from raising output for the rest of 2023, according to traders and industry consultancies.
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