Crude quota squeeze may prompt China independents to turn to alternative feedstocks

China’s independent refineries will likely need to source alternative feedstocks amid growing expectations that Beijing may not issue additional crude import quotas towards the end of the year, potentially pulling down availability below actual demand from those refiners, sources said. According to latest data from S&P Global Commodity Insights, crude import quotas issued so far in 2023 by Beijing for…China’s independent refineries will likely need to source alternative feedstocks amid growing expectations that Beijing may not issue additional crude import quotas towards the end of the year, potentially pulling down availability below actual demand from those refiners, sources said. According to latest data from S&P Global Commodity Insights, crude import quotas issued so far in 2023 by Beijing for…  Read More