China’s Top Oil Refiner Cuts Activity by 10% as War Hits Supply

Sinopec, China's largest oil refiner, has trimmed refinery run rates as the widening Middle East war and difficulties shipping through the Strait of Hormuz choke crude supplies. Reduced runs tighten regional refining throughput, may pressure product availability and margins, and increase upside price risk and volatility in oil markets.

Analysis

Sinopec, China's largest oil refiner, has trimmed refinery run rates as the widening Middle East war and difficulties shipping through the Strait of Hormuz choke crude supplies. Reduced runs tighten regional refining throughput, may pressure product availability and margins, and increase upside price risk and volatility in oil markets.