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China urges refiners to keep production high (CL1:COM)

Jul 11, 2026, 12:35 PM ETCrude Oil Futures (CL1:COM), USO, XLE, UCODBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COM, XB1:COMBy: Dulan Lokuwithana, SA News Editor
Aerial view. Piping and tanks of industrial factory

Michael H

China has told some leading oil refiners to keep production levels elevated, an attempt to safeguard domestic supplies as renewed strikes between the U.S. and Iran risk global oil shipments, Bloomberg reported on Saturday, citing people familiar with the matter.

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