CHINA’S COMMERCE MINISTRY: FROM JULY 1, CUSTOMS WILL CONDUCT RANDOM PHYSICAL INSPECTIONS ON A CERTAIN PROPORTION OF TAX REFUND CLAIMS FOR PURCHASES BELOW 10,000 YUAN

China’s oil refining activity fell sharply in April after a plunge in crude imports, with total processing down 11% from March and 5.8% year-on-year, according to official data. State-owned refiners cut run rates to below 67% of capacity, the lowest level in Mysteel OilChem data since 2021, as higher crude costs and weak fuel demand pressured margins. Smaller private refiners partially offset the decline after being directed to maintain output at 2025 levels to stabilize fuel supply. The drop reflects tighter crude availability and ongoing structural pressure from slowing fuel demand and accelerating transport electrification in China.

烏克蘭總統澤連斯基：我們還討論了烏克蘭的歐洲一體化進程。我們已做好準備啓動相關談判組別的開放工作，我們就此事的具體時間表及必要的溝通安排進行了探討。