China’s 2021 refinery output up 4.3% to fresh high on fuel demand

Author of the article: SINGAPORE — China’s refinery output hit a fresh high in 2021, up 4.3% from a year earlier on robust fuel demand especially in the first half of the year, and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports.…
China’s 2021 refinery output up 4.3% to fresh high on fuel demand

Author of the article:

SINGAPORE — China’s refinery output hit a fresh high in 2021, up 4.3% from a year earlier on robust fuel demand especially in the first half of the year, and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports.

Total refinery throughput last year reached 703.55 million tonnes, or 14.07 million barrels per day, data from the National Bureau of Statistics showed on Monday, roughly 620,000 bpd above the 2020 level.

December output was 58.73 million tonnes, or about 13.83 million bpd, down 2.1% on year, reversing a brief strong rebound in November when daily processing touched 14.51 million bpd.

(crude = 7.3 barrels for crude oil) (Reporting by Chen Aizhu; Editing by Christopher Cushing)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
U.S. weekly jobless claims decline further as Omicron wave subsides
Read More

U.S. weekly jobless claims decline further as Omicron wave subsides

Author of the article: WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week as COVID-19 infections subsided, suggesting that an anticipated slowdown in job growth in January was likely temporary. The second straight weekly decline reported by the Labor Department on Thursday partially unwound the recent…
China’s Xi says full control over Hong Kong achieved, determined on Taiwan
Read More

China’s Xi says full control over Hong Kong achieved, determined on Taiwan

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content BEIJING — China has achieved comprehensive control over Hong Kong, turning it from chaos to governance, Chinese President Xi Jinping said in a speech on Sunday at the opening of the once-in-five-year Communist Party congress in Beijing. China…
Russia Rejects IEA Charge It’s to Blame for Europe Gas Crunch
Read More

Russia Rejects IEA Charge It’s to Blame for Europe Gas Crunch

Author of the article: Bloomberg News Olga Tanas By Olga Tanas (Bloomberg) — Russia has nothing to do with the energy crisis in Europe, Deputy Prime Minister Alexander Novak said, rejecting allegations from the International Energy Agency this week that it’s holding back supplies and driving up prices of natural gas. “Neither Russia nor our…