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. The increase in the average daily rate of crude oil imports was also driven by higher shipments from Russia and other countries that are part of OPEC’s “basket price” basket, which includes non-O@@ The strong October output also reflected stock building 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.