At least six of China's top oil refineries are set to be shut in May and June for maintenance
Those six that will be fully shut accounts for 10% of China's monthly crude runs, according to Reuters. And this could cast a bit of a shadow on oil demand in the coming quarter as China is the biggest crude oil importer globally.
A slowdown in refining activity is likely to result in lower imports for crude oil, and that could put a wet blanket on the recent rise in oil prices.
