China's April oil throughput hits lowest since August 2022, inventories rise

China's April crude oil throughput fell to its lowest level since August 2022, as the Iran war curtailed refinery runs in the world's second-largest oil consumer. The decline signals softer near-term demand for crude processing and highlights geopolitical disruption in energy markets. The impact is notable for oil and refining sectors, but the article is primarily a single-country data point.

Analysis

China's April crude oil throughput fell to its lowest level since August 2022, as the Iran war curtailed refinery runs in the world's second-largest oil consumer. The decline signals softer near-term demand for crude processing and highlights geopolitical disruption in energy markets. The impact is notable for oil and refining sectors, but the article is primarily a single-country data point.