China’s Crude Oil Refiners Smash Record on Recovery, Expansion
- Processing surges to 14.97 m b/d, Bloomberg calculations show
- Gasoline and jet fuel consumption pick up as activity rebounds
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China’s vast oil industry is setting records as the nation’s post-Covid Zero recovery gathers pace and capacity was added.
Refiners processed 63.29 million tons of crude in March, up 8.8% on a yearly basis, government data showed on Tuesday. That’s the highest ever for the month of March, and equals 14.97 million barrels a day, the biggest daily volume on record, according to Bloomberg calculations.