Crude throughputs at China’s refineries extended the falling trend in October, with both state-owned oil companies and independent refineries cutting run rates amid weakening refining margins. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Combined run rates at the four state-owned oil companies — Sinopec, PetroChina, CNOOC and Sinochem — averaged 78.9% in October, down from 81.5% in September, data collected by S&P Global Platts showed on Oct. 28. It was the fourth monthly consecutive drop since July, when it was 83.1%, a six-month high, Platts data showed. Sinopec, the world’s biggest refiner by capacity, led the cut in October with five percentage point reduction to 82% from September, compared with 88% in October 2019. The company had planned to […]