China Boosts Oil Processing as Plants Resume After Maintenance
- Refinery runs increase 2.6% to 10.7 million barrels/day in Nov
- Utilization rates at major plants rebound in Nov. from Oct.
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China’s crude processing climbed to a record after some refineries resumed operations following maintenance.
Refineries in the world’s second-largest oil consumer processed 43.92 million metric tons of crude last month, 3.3 percent higher than a year earlier, according to data released Saturday by the Beijing-based National Bureau of Statistics. That’s about 10.73 million barrels a day and up 2.6 percent, on a daily basis, from October. Last record was June’s 10.59 million barrels a day.