BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March hit the most affordable level given that December 2018 with state refiners maintaining deep output cuts as the coronavirus pandemic deteriorated fuel demand.
FILE PHOTO: A petroleum tanker is seen at Qingdao Port, Shandong province, China, April 21,2019 REUTERS/Jason Lee/File Image
Crude processing volumes were 50.04 million tonnes, equivalent to about 11.78 million barrels daily (bpd), data from the National Bureau of Stats showed on Friday.
That was well below 12.07 million bpd in January and February combined, and 12.49 million bpd in March2019 The statistics bureau did not divulge numbers for January and February separately.
Overall throughput in the very first 3 months of 2020 was 149.28 million tonnes, down 4.6%