Crude throughput at China’s domestic refineries is likely to hit another record high in July as the state-owned oil companies, which collectively account for 69% of the country’s refining capacity, have boosted their average utilization rate to a six-month-high of 83.6% this month from 80% in June, data collected by S&P Global Platts showed July 24. Receive daily email alerts, subscriber notes & personalize your experience. Register Now China’s crude throughput jumped 9% year on year to hit an all-time-high of 14.14 million b/d in June, General Administration of Customs data showed. Persistent leaps in its throughput would help China continue to actively digest huge volumes of crude oil cargoes purchased during the second quarter. The higher run rate in July is likely driven by Sinopec and […]