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China’s Crude Runs Strengthen In May

Oil

China’s crude refinery throughputs in May increased by 163K b/d m-o-m and 565K b/d y-o-y to a 2-month high of 11.02M b/d, data from the country’s National Bureau of Statistics shows. In the year-to-date, China’s crude runs have averaged 11.13M b/d, up by 476K b/d y-o-y.