The gasoline and gasoil output at China’s independent refineries fell by 17.3% on month in February, following a continuous drop in refinery throughputs, data from local energy information provider JLC showed on March 14. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Lower output offset China’s pressure to send out more barrels to overseas. The output of gasoline has dropped by 20.2% to 1.89 million mt, while gasoil fell less by 15.7% on month to 3.64 million mt. This was due mainly to the lower feedstock throughputs at independent refineries in February. Feedstock consumption at China’s Shandong independent refineries have fallen to a two-year low of 8.04 million mt in February, the lowest since February 2020, when the country was firstly hit by the coronavirus pandemic and refineries shut cautiously in overaction. The combined feedstock consumption was last low at 5.89 million mt in February […]