Highlights State-owned refineries contribute to rise High throughput is sustainable Crude output up 3.5% on year to 4.03 mil b/d China’s crude throughput in May rose 4.4% year on year to hit a record high of 60.5 million mt, marking the first time it has crossed 60 million mt in a month, data released by the National Bureau of Statistics June 16 showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On barrels per day basis, the volume was also touched a record high at 14.31 million b/d, compared with the previous high of 14.26 million b/d in November 2020. The fresh high was attributed to state-owned refiners boosting crude runs to 80% of their capacity from 76% in April as 30 million mt/year of refining capacity returned from scheduled maintenance, S&P Global Platts’ data showed. Throughput increase in the state-owned sector was […]