China’s crude oil production, imports picked up in May, oil refinery throughput also accelerated
COMMODITIES DATA MACRO
China’s crude oil production, imports picked up in May, oil refinery throughput also accelerated
COMMODITIES DATA MACRO

China’s crude oil production, imports picked up in May, oil refinery throughput also accelerated

 

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China’s crude oil output reached 18.07 million tonnes in May, rising by 2.7% from a year earlier, picking up by 1.3 percentage points from April, according to the National Bureau of Statistics.

China’s crude oil imports reached 51.44 million tonnes in May, rising by 12.3% from a year ago, compared to the 1.4% drop in April, showed the data.

In the first five months of the year, crude oil output grew 2.1% on year to 87.71 million tonnes, and crude oil imports grew 6.2% to 230.2 million tonnes, according to the NBS.

 China’s oil refinery throughput rose 15.4% in May from a year earlier, picking up by 3.5 percentage points from April, and in the first five months, oil refinery throughput grew by 9.8%.