Chinese Oil Refiners Snap Up Bargains as Activity Resumes
- Crude from Russia to Canada to Brazil going cheap amid glut
- Throughput at Chinese processors is back to pre-virus level
An oil refinery in Shanghai.
Photographer: Johannes Eisele/AFP via Getty Images
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Chinese refiners are snapping up low-price oil from all over the world as Asia’s largest economy emerges from a virus-driven slump.