China’s Oil Refining Climbs to Satisfy Robust Gasoline Demand
- Crude refining rises to 10.48 million b/d, highest since June
- Increasing runs come as product exports jump to 10-month high
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China’s crude processing rose as strong gasoline demand encouraged higher refinery output and amid a boost in the country’s oil product exports.
Refiners processed 44.34 million metric tons of crude in August, up 6.5 percent from the same month last year, data from the Beijing-based National Bureau of Statistics showed Sunday. That’s about 10.48 million barrels a day, 1.8 percent higher than July and the most since June’s record 10.59 million barrels a day.