China's crude oil output has hit 15 month low
China's crude oil output in August has hit the lowest since May 2020, as cases of coronavirus increase and the government has imposed a cut in fuel export quotas that hurt production at refineries.
According to data from the National Bureau of Statistics (NBS), processing volumes in August were 58.35 million tonnes, or 13.74 million barrels per day (bpd), which is 2.2 percent lower from a year earlier.
Sinopec Corp which is the top refiner in China has said in August that it exported 10 percent less fuel in the first half of 2021 versus 2020.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

EPA Terminates Nearly 400 Workers Amid US Government Purge

Trump to Create White House Council to Drive Energy Dominance

Oil Steadies as Trump’s Reciprocal Tariffs Add to Trade Tensions

Isuzu to Build Car Plant in South Carolina as Trump Tariffs Loom

SoftBank Weighs Debt-Heavy Financing in $500 Billion AI Push

Stocks Climb as Traders Brush Aside Tariff Threats: Markets Wrap

Moove Works to Control Fire Within Complex in Rio de Janeiro

Stocks Slide as Tariff Angst Adds to Price Worries: Markets Wrap

China’s Oil Teapots Cut Runs to Pandemic Levels After Sanctions
