From Reuters:<\/p>\n
China’s bid to end fuel shortages by ordering refiners to beef up supplies puts only a temporary cap on a problem that may keep bubbling up until the government bows to market forces.<\/p>\n
If global crude prices have not retreated by the time Chinese oil demand surges again in spring for the lunar new year and planting, the temporary truce between technocrats and state-owned but publicly listed oil firms may crumble.<\/p>\n
“The state can order us to beef up supply in the short term, but it’s only a temporary relief. What about next month, what about the spring festival?” said a Sinopec<\/a> refinery official. [Full Text]<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
From Reuters: China’s bid to end fuel shortages by ordering refiners to beef up supplies puts only a temporary cap on a problem that may keep bubbling up until the government bows to market forces.<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[1999,5662],"class_list":["post-15882","post","type-post","status-publish","format-standard","hentry","category-economy","tag-fuel-shortage","tag-oil-prices","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
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