Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance periods as new Chinese tariff and tax policies plunge them deeper into losses, ...

Teapot refineries process straight-run fuel oil or a tar-like heavy residue called bitumen blend, into transportation fuels or asphalt. At the start of this year, China raised import tariffs for fuel ...

Run rates at China’s Shandong teapot refineries has fallen to the lowest since March 2020 at 43.64%, according to Mysteel Oilchem cited by Bloomberg.Activity at teapots will likely fall further in ...