Summary Crude throughput at 15.23 mln bpd, +19.6% yr/yr
Jan-Aug output +11.9% yr/yr at 14.76 mln bpd
Air passengers reached record in Aug, doubled yr-ago levels
Refiners incentivised also by firm export margins, quotas
Sept 15 (Reuters) – China’s oil refinery throughput in August rose to a record, data showed on Friday, as processors in the world’s second-largest crude consumer kept run rates high to meet summer travel demand and capitalise on strengthening export margins.
Total refinery throughput was a record 64.69 million metric tons last month, data from the National Bureau of Statistics (NBS) showed, up 19.6% from a year ago, the fastest annual growth since March 2021.
That is the equivalent of 15.23 million barrels per day (bpd), also a record on a daily basis and up from the 12.64 million bpd processed a year earlier when extensive refiners to cut runs.
August throughput was also up from July’s 14.87 million bpd.
Year-to-date throughput gained 11.9% from a year earlier to 491.4 million tons, or 14.76 million bpd.
Domestic demand for gasoline and kerosene over the August vacation season was a key driver of domestic fuel consumption, with travel levels likely to be have been further boosted by
China oil refinery output rises to record on firmer demand, export margins
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