Far East Russian crude oil is likely to bear the brunt of China’s economic slowdown aggravated by the coronavirus outbreak, with both state-run and private Chinese refiners poised to cut imports of their favorite feedstock ESPO Blend crude amid faltering refinery throughput. China’s Sinopec would have to cut spot crude purchases as domestic oil demand has drastically dropped with industrial, manufacturing and construction activities coming to a halt, said a senior trading manager at the state-run refiner. Sinopec, the world’s biggest refiner by capacity, recently slashed overall crude throughput by about 13% and its refineries across China is currently operating at minimum run rates in February, industry and company […]