Highlights Throughput could retreat to 14.6 mil b/d in Q3: Platts Analytics Pandemic-related restrictions could keep demand under check New refining capacity in Q4 could help throughput to rebound China’s crude throughput in July took a breather after hitting record highs in the previous month, with analysts saying high oil product inventories, weak refining margins, and limited product export quotas could curb runs in the third quarter. With certain restrictions in place to keep the COVID-19 pandemic under check, S&P Global Platts Analytics expects China’s throughput to retreat to about 14.6 million b/d in Q3, from about 14.7 million b/d in Q2. The third quarter started with an average throughput of 13.96 million b/d in July, falling 6% from the record high of 14.86 million b/d in June, data released by the National Bureau of […]