Highlights Stocks likely to remain high until June: Platts Analytics Traders holding plentiful volumes in storage tanks Upcoming maintenance will slow clearance of stocks Singapore — The appetite for near-term crude cargoes among China’s independent refiners is likely to take a backseat as they struggle to first clear stocks that have piled up at the ports before signing on the dotted line for fresh feedstock inflows, casting a shadow on one of the few pockets of robust demand. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Trade sources said May and June crude buying volumes may remain subdued, clouding the buying outlook even more at a time when a government investigation on the China’s private refining sector has already rung alarm bells among global oil suppliers that independent refiners would be moving cautiously in sealing deals in the near future. “The port stocks […]