China’s Oil Refining Rises to Record to Meet Shortage
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China’s oil processing rose to a record last month after refiners increased production to ease a domestic fuel shortage.
Plants processed 37 million metric tons, or 8.8 million barrels a day, in October, up 12 percent from a year earlier, China Mainland Marketing Research Co., which compiles data for the National Bureau of Statistics, said in a statement from Beijing today. That exceeded the previous all-time high of 8.6 million barrels a day processed in June.