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China’s Crude Runs In March Edge Down M-o-M But 1Q17 Averages Record High

Oil

China’s crude oil refinery throughputs in March slipped by 42K b/d m-o-m to a 4-month low of 11.23M b/d, according to the country’s National Bureau of Statistics (NBS). However, in y-o-y terms, March throughputs were up by 625K b/d, while 1Q17 as a whole was up by 629K b/d y-o-y to a record high of 11.26M b/d.