Crude oil throughput at China’s domestic refineries jumped 9% year on year to an all-time-high of 14.14 million b/d in June, absorbing some of the record high imports for the month, and the volume is set to stay high in July. Receive daily email alerts, subscriber notes & personalize your experience. Register Now It was also the first time that China’s crude throughput rose above 14 million b/d, National Bureau of Statistics data released July 16 showed. The previous record high was 13.84 million b/d in December 2019. On a barrels-a-day basis, the volume was 3.3% higher than the 13.69 million b/d registered in May. NBS releases data in metric tons, which S&P Global Platts converts to barrels using a 7.33 conversion factor. On a metric-ton basis, the 57.87 million mt in June was 0.1% lower than the 57.9 million mt in May, NBS data showed. The […]