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 China ’s previous 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 , such as diesel , gasoline and ethanol , ” said Seng - Yick Tee , analyst with consultancy SIA holdings . The strong October output also reflected stock growth ahead of winter , 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.