• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 24 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 2 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 8 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 2 hours Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 2 days Are you aware of Oil Price short videos on our energy topics?
  • 3 days NordStream2
  • 2 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 2 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT

Breaking News:

California Gasoline Prices Are Spiking

The 2021 Oil Price Rally Is Far From Over

The 2021 Oil Price Rally Is Far From Over

It appears that the current…

Building The World’s Largest Wind Turbine

Building The World’s Largest Wind Turbine

The wind energy revolution is…

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

China’s Refineries Hit New All-Time Operating Record

Chinese crude oil throughput hit a new record in June as two new large refineries started up, driving processing rates higher, according to official data from China released on Monday.

Last month, Chinese refineries increased crude throughput by 7.7 percent year on year, to around 13.07 million bpd, Reuters calculations in barrels from data provided in tons by China’s National Bureau of Statistics (NBS) showed.

The start-up of two major new private refineries, each with 400,000-bpd processing capacity, helped Chinese refinery throughput jump to a record high, beating the previous record from April, when independent refiners helped processing volumes to rise to 12.68 million bpd.

Going forward, however, Chinese crude throughput is not expected to break the new record from June at least in the next few months, as there would be extended shutdowns amid high diesel and gasoline inventories and weak domestic fuel demand, Wang Zhao, an analyst with local consultancy Sublime Information Co, told Reuters.

Thanks to demand from the start-up of the two major refineries, Chinese crude oil imports in June also increased, by 1.7 percent from May, and by 15.2 percent from June last year.

China’s crude oil imports in June averaged 9.63 million bpd, up from the average of 9.47 million bpd in imports in May, and a 15.2-percent increase from 8.36 million bpd in June last year, according to Reuters calculations in barrels from data in tons provided by the Chinese General Administration of Customs.

Despite weaker refining margins and a glut of refined oil products, demand for crude in China increased last month thanks to Hengli Petrochemical, which had a new refinery start up earlier this year and ramped up to full 400,000-bpd capacity at the end of May. Another 400,000-bpd refinery, of Zhejiang Petrochemical, began trial runs, further pushing demand for crude.

Some Chinese refiners, however, are curtailing refinery runs in the third quarter as massive refinery start-ups and slowing domestic fuel demand have created a fuel glut in the country, hurting refining margins. 

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




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News