China’s gasoil output from refinery hit a record high of 16.45 million mt, or 4.09 million b/d, in November in response to Beijing’s call to ensure domestic supply, data from the National Bureau of Statistics showed on Dec. 22. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The previous record high was 16.21 million mt in October 2017, according to NBS data. China’s gasoil prices surged in September and H1 October as domestic supply fell short amid low output. Sinopec and PetroChina led the state-owned oil companies to lift throughput and boost fuel production. Refineries’ increased gasoil production yield to 35-month high of 27.6% while raising total throughput to a five-month high of 14.57 million b/d in November, NBS data showed. In comparison, Chinese refineries lowered gasoil yield to an average of 22.2% in the first ten months due to slowing growth in […]