China’s commercial crude oil stocks at the end of September rose 2.38 percent from August, while diesel stocks saw a record 15.68 percent drawdown amid the autumn harvest and fishing season,the official Xinhua News Agency reported on Friday. Refined fuel stocks overall dropped sharply for a second month in a row, falling 7.46 percent, China Oil, Gas & Petrochemicals (OGP), a Xinhua oil and gas newsletter, reported, reaching their lowest levels since January. The newsletter does not give volumes but the percentage drop in diesel was the largest since consistent data became available in 2010. Implied diesel demand, adjusted for changes in inventories, was up 1.6 percent on the year to 3.76 million barrels per day (bpd), Reuters calculations show. Gasoline stocks recorded a modest 2.47 percent increase, the newsletter said, after a significant drop in August during the summer driving season. Kerosene, used mostly as aviation fuel, rose […]