China’s total production of six major oil products — LPG, naphtha, gasoline, jet/kerosene, gasoil and fuel oil — rose by an average of 3.9% on the year to 39.78 million mt in November, slower than the crude throughput growth pace of 10.1%, latest data from the National Bureau of Statistics showed Tuesday. The total volume of the six major oil products accounted for 70.9% of total crude throughput in November, down from 75.2% a year ago. Analysts expect the oil product yield to remain on a downtrend as new integrated refining and petrochemical complexes start up. Among these key products, naphtha, gasoline and gasoil were the main products which saw unchanged year-on-year production volumes, or even reductions, even as China lifted throughput to produce petrochemical products. Output of gasoline and naphtha declined 0.5% and 2.6%, […]