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China’s Crude Runs Rise To Record High

Oil

China’s crude oil refinery throughputs in December increased by 124K b/d m-o-m and 372K b/d y-o-y to 11.3M b/d, according to data form the country’s National Bureau of Statistics. Across 2016 as a whole, China’s crude runs averaged a record 10.8M b/d. However, in contrast to crude import volumes, which saw record y-o-y growth, annual expansion in crude refinery throughputs of 352K b/d was the lowest rate of y-o-y growth since 2013.