China Accelerates Crude Stockpiling Amid Weak Refining Output

China accelerated the pace of stockpiling crude oil inventories in May amid lower refining throughput and weaker crude imports compared to last year, in further bearish signs about China’s apparent oil demand so far this year. China has likely added 1.08 million barrels per day (bpd) of crude to its commercial or strategic inventories last month...

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