Indian refining companies are snapping up rare crude grades as the coronavirus outbreak curtails China’s demand for processing, executives and traders said, with prices for some grades falling by as much as 15%. Chinese refiners have slashed output by at least 1.5 million barrels a day in Feb, or over 10% after the virus outbreak hit domestic fuel demand.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37R4j7K
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