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China refinery output hits record high in June as demand recovers further

FILE PHOTO: A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee/File Photo

BEIJING/SINGAPORE (Reuters) - China’s daily crude oil throughput in June surged to the highest level on record, official data showed, as refiners ramped up processing on healthy margins and a recovery in demand for gasoline and diesel.

China processed 57.87 million tonnes of crude oil last month, equivalent to about 14.08 million barrels per day (bpd), data from the National Bureau of Statistics (NBS) released on Thursday showed.

This is up from 13.63 million bpd in May and beating the previous record set in December last year.

Throughput for the first half of this year totalled 319.09 million tonnes, or about 12.8 million bpd, up 0.6% from a year earlier.

Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore; Editing by Muralikumar Anantharaman

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