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Your email address will not be published.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
Kremlin says even harshest sanctions have never made countries change their position
Read More

Kremlin says even harshest sanctions have never made countries change their position

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content Kremlin spokesman Dmitry Peskov said on Thursday that Western sanctions imposed on Russia over its actions in Ukraine would not cause it to change course. In a call with reporters, Peskov said: “Even the harshest sanctions have never…
Indian shares gain on banking, energy boost
Read More

Indian shares gain on banking, energy boost

Author of the article: BENGALURU — Indian shares rose on Monday, helped by gains in banking and energy stocks, and positive cues from Asian markets following strong Chinese economic data. The blue-chip NSE Nifty 50 index rose 0.43% to 18,183.25 and the benchmark S&P BSE Sensex rose 0.25% to 60,837.40 by 0358 GMT. Government-run Oil…
Swiss propose nuclear waste storage site near German border
Read More

Swiss propose nuclear waste storage site near German border

Author of the article: BERLIN (AP) — Switzerland’s nuclear waste authority has proposed building the country’s permanent waste storage site close to the border with Germany, a decision viewed warily by its northern neighbor. The choice of the Noerdlich Laegern site ends a 14-year search for a preferred location, itself preceded by previous failed attempts.…