China’s Refinery Output Hits A 12-Month High ...Middle East

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China’s Refinery Output Hits A 12-Month High
source : OILPRICE ( Middle East ) () 23
China refinery throughput rose to the highest in 12 months in November, reaching 14.5 million barrels, Reuters reported, which made it the third-highest daily throughput rate on record. The increase, after ten months of somewhat subdued activity amid lockdowns and weak domestic fuel demand, came amid a looming global shortage of diesel that pushed up refining margins, stimulating refiners to ramp up production, especially with the new batch of export quotas issued by Beijing. Two new refinery starts also contributed to the increased refinery output.…

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