Related Articles
Forward article link
Share PDF with colleagues

China’s refining recovery looks set to stall

Crude oil throughput at refineries broke records in October, but the market will not fully get back on track until next year

China’s refineries were busy in October as they processed record volumes of crude oil to keep up with strong holiday-driven demand. But the near-term outlook appears challenging as domestic overcapacity will continue to grow while overseas demand will remain weak. Crude oil throughput at Chinese refineries last month reached a highest-ever level of 59.82mn t, up 2.6pc from a year ago and equivalent to 14.15mn bl/d, according to figures from China’s statistics bureau released on Monday. That compares with 14.01mn bl/d in September and topped the previous record of 14.14mn bl/d set in June. Petrol and diesel demand picked up last month as more motorists hit the road for long-distance driving



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK’s Britishvolt secures funding for EV battery gigaplant
24 January 2022
Plant designed to produce 300,000 lithium-ion EV battery packs a year, with startup schedule for late 2023 or early 2024
Shell targets new hydrogen and CCS projects in 2022
21 January 2022
Oil major must be a pace setter in energy transition with a bolder strategy, CEO Ben van Beurden says
New York’s first offshore windfarm to begin construction
21 January 2022
Orsted and Eversource project secures final regulatory approval from Boem following environmental review
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video