China’s Private Refiners Seek Beijing Approval to Cut Run Rates
China’s private refiners have sought government approval to cut oil-processing rates, a month after Beijing ordered them to produce at any cost in order to secure domestic fuel availability.
By Alfred Cang, Sarah Chen, Serene Cheong · Bloomberg Markets
China’s private refiners have sought government approval to cut oil-processing rates, a month after Beijing ordered them to produce at any cost in order to secure domestic fuel availability.