China’s Refinery Run Rates At 10-Month Low

At 10.71 million bpd, China’s crude refineries saw in July
their lowest daily throughput rate since September last year as
state firms and independent refineries, both swimming in inventory,
continue to duke it out with price as their weapon. According to
data released by China’s National Bureau of Statistics (NBS) on
Monday, reported by Reuters, China processed 10.71 million bpd of
crude in July—500,000 bpd lower than the throughput in June. But
between January and July, Chinese refinery production increased by
2.9 percent annually…

At 10.71 million bpd, China’s crude refineries saw in July
their lowest daily throughput rate since September last year as
state firms and independent refineries, both swimming in inventory,
continue to duke it out with price as their weapon. According to
data released by China’s National Bureau of Statistics (NBS) on
Monday, reported by Reuters, China processed 10.71 million bpd of
crude in July—500,000 bpd lower than the throughput in June. But
between January and July, Chinese refinery production increased by
2.9 percent annually…