China daily crude oil processing rate fell again in September, to the lowest since May 2020, as feedstock shortage and environmental inspection crippled operations at refineries and a power crunch dampened refined oil demand from downstream users. Throughput last month fell 2.6% from a year earlier to 56.07 million tonnes, or about 13.64 million barrels per day (bpd), National Bureau of Statistics (NBS) data showed on Monday. September throughput was also lower than 13.74 million bpd in August, which was a 15-month low. Throughput in the first nine months of the year was 526.87 million tonnes, or 14.09 million bpd, up 6.2% on year, the data showed. China’s crude throughput till September 2021 China has been suffering from its worst power crunch in years, with at least 17 regions across the country asking industrial plants to reduce production in order to lower power load, […]