China Races to Avert Another Energy Crisis as Diesel Usage Soars
- State refiners may raise runs, import fuel to prevent crunch
- Output from Shandong private processors hit by closer scrutiny
Photographer: Source: Barcroft Media via Getty Images
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Chinese oil refiners are racing to avoid adding another key fuel to the list of commodities in short supply that are crippling economic activity.
The nation needs more diesel, and needs it quickly to avert similar supply shortages seen in coal and natural gas. State-owned refiners are set to boost crude processing and prioritize the production of the fuel used from heating to powering trucks and industrial purposes, said traders and analysts.