• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 6 minutes Question: Why are oil futures so low through 2020?
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 3 hours Energy from thin air?
  • 3 hours Fast-charging, long-running, bendy energy storage breakthrough
  • 7 hours Can LNG Kill Oil?
  • 13 hours CoV-19: China, WHO, myth vs fact
  • 1 day Has Trump put the USA at the service of Israel?
  • 8 hours The New Class War Exposes the Oligarchs and Enablers
  • 1 day Solar Cells at 25 Cents Apiece (5 cents per watt)
  • 2 hours Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 1 day Trump reinvented tariffs and it worked
  • 2 hours Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 7 hours Cheap natural gas is making it very hard to go green
  • 8 hours "For the Public's Interest"
  • 2 days Is cheaper plastics feedstock on the horizon?
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

A Red Flag For Oil Markets? China’s Refinery Throughput Plunges

Amid planned maintenance at some big state refineries and decreased domestic production, China’s refinery runs in April dropped to their lowest levels since last September, according to data by the National Bureau of Statistics (NBS) compiled by Reuters.

Refinery runs last month were down by 0.6 percent annually to 44.45 million tons, equal to around 10.82 million bpd. This throughput compares to 11.19 million bpd refinery runs in March.

Between January and April this year, crude oil processing throughput increased by 3.1 percent compared to the same period last year.

Seasonal refinery maintenance also accounted for China importing lower volumes of crude oil in April compared to the record-breaking imports in March.

Compared to April last year, China’s domestic crude oil production decreased by 3.7 percent to 15.99 million tons, or 3.89 million bpd, last month. Between January and April, Chinese crude output dropped by 6.1 percent annually to 64.01 million tons, the statistics bureau data showed.

Still, domestic production is expected to drop less than it has dropped so far, and to recover more in the second half to post zero growth for full-2017, Seng Yick Tee, an analyst with consultancy SIA Energy, told Reuters. Related: Solar Mini-Grids Could Shield The U.S. From Terrorist Strikes

Higher oil prices and China’s state firms increasing spending are expected to lead to crude production recovery in the second half, according to the analyst.

Regarding natural gas production, China’s output jumped by 15 percent on the year in April, to 12.2 billion cubic meters (430.8 billion cubic feet), according to NBS data. This was the second monthly double-digit growth in gas production in a row that has not been seen in more than three years, according to Reuters.

In March, China’s natural gas production rose to a record 13.6 billion cubic meters (480.3 billion cubic feet), up 10.5 percent over March last year, as economic growth spurred more power use in the industrial sector.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News