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China's crude runs hit record high

Oil

China's crude oil refinery throughputs in November surged by 268K b/d m-o-m and 408K b/d y-o-y to a record high of 10.73M b/d, according to data from the country's National Bureau of Statistics. Over the first 11 months of 2015, crude runs have averaged 10.45M b/d, up 529K b/d from the same period in 2014.