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China’s Crude Refinery Runs Fall To 7-Month Low

Oil

China’s crude oil refinery throughputs in April fell by 372K b/d m-o-m and 66K b/d y-o-y to 10.86M b/d, the lowest since September 2016, according to the country’s National Bureau of Statistics. However, across 2017 so far, crude runs are still up by 453K b/d from the same period in 2016 at a record high of 11.16M b/d.