China's crude runs remain robust in May

Oil

China's crude oil refinery throughputs in May slipped by 153K b/d from April's near record volumes to average 10.39M b/d, according to the country's National Bureau of Statistics. However, compared with May 2014, volumes were still up by 716K b/d (the largest y-o-y gain since September 2014). Over the first five months of 2015 crude runs averaged 10.4M b/d, up 528K b/d y-o-y. �