• 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 10 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 13 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days Demonising fossil fuels has caused major grid problem in Australia
  • 8 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 5 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 329 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Expect Chinese Refinery Run Rates To Fall Soon

Chinese refineries will reduce their throughput during the current quarter ahead of the country’s National Day holiday that begins in October, S&P Global Platts reports, citing a general state-imposed curb on industrial activity aimed at keeping pollution in check and reducing the risk of accidents ahead of the holiday.

The reduction will likely affect not just throughput rates but also import rates during the quarter, the news agency noted.

One city in the province of Shandong—home of most of China’s so-called teapot refineries—has already issued a mandatory cap on industrial activity at 70 percent of capacity for the months of August and September for industries including oil refining, glass manufacturing, cement, and pharmaceuticals.

"This kind of mandate would cut independent refineries' crude throughput by 10-15%," one Beijing analyst told S&P Global Platts. Other sources note that if the cap mandated by the city of Zibo is replicated across the province of Shandong, this would affect a fifth of China’s total refining capacity.

To date, independent refiners account for about 30 percent of China’s oil processing capacity, which stands at 15 million barrels daily and rising. According to an analysis from Bloomberg released in March, this year will see refining capacity additions of as much as 890,000 bpd

Chinese refiners’ throughput hit a record high in the first two months of the year, averaging 12.68 million bpd. Most of this crude oil, based on import figures, came from abroad. February marked the fourth month in a row of crude oil imports into the country exceeding the 10-million-bpd mark.

After a brief decline, throughput rates returned to the record-high average in April. In January this year, CNPC, the country’s largest oil company, said it expected 12.68 million bpd to be the average processing rate for local refineries this year as a whole.

By Irina Slav 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