Sinopec (600028 CH) reportedly plans to reduce March crude refinery runs by over 10%, sources say; Co. is reportedly prioritising fuel over petrochemicals

Sinopec's plan to reduce crude refinery runs by over 10% in March signals a significant supply-side adjustment, likely prioritizing fuel production over petrochemicals. This decision could tighten crude supply in the short term, potentially supporting prices in both WTI and Brent markets, especially if similar trends are observed across other refineries. Keep an eye on how this might influence overall commodity inflation and energy-related currencies going forward.