China's crude runs rise in October

Oil

China's crude oil refinery throughputs increased by 96K b/d m-o-m and 175K b/d y-o-y to average 10.5M b/d, according to data from the country's General Administration of Customs. During 2015 so far, China's crude runs have averaged 10.4M b/d, up from 10M b/d during the same period in 2014. Meanwhile, China's preliminary implied oil demand in October increased by 0.9% y-o-y to 10.1M b/d, Reuters reports. This follows a slight dip in the previous month.