China’s winter refinery runs rose 4.6% from a year ago to 52.78 million tons, or 12.43 million barrels per day (bpd), nudging lower from September’s record 12.49 million bpd, as refiners ramped up production amid strong margins for gasoline and diesel. “China’s secondary industry growth and consumer spending supported major oil products consumption such as diesel, gasoline and kerosene,” said Seng-Yick Tee, analyst with consultancy SIA Energy. The strong winter output also reflected stock building ahead of October, he said.
China’s October refinery runs rose 4.6% from a year ago to 52.78 million tons, or 12.43 million barrels per day (bpd), nudging lower from September’s record 12.49 million bpd, as refiners ramped up production amid strong margins for gasoline and diesel. “China’s secondary industry growth and consumer spending supported major oil products consumption such as diesel, gasoline and kerosene,” said Seng-Yick Tee, analyst with consultancy SIA Energy. The strong October output also reflected stock building ahead of winter, he said.