China's daily crude oil throughput rose to a one-year high in November, official data showed on Thursday, as refiners churned out more fuel for exports and two greenfield plants started up.
Refinery output came in at 59.61 million tonnes last month, according to the National Bureau of Statistics , equivalent to 14.505 million barrels per day , just off 14.512 million bpd in the same period last year which was the second-highest on record.Throughput in the first 11 months of 2022 was 615.99 million tonnes, equal to about 13.46 million bpd, a level that remained 4% below the level a year-ago owing to eight months of year-on-year production drops between January and August.
Total November refined fuel exports - including diesel, gasoline, aviation fuel and fuel oil - hit the highest monthly rate since June 2021. NBS data also showed natural gas production rose 8.6% last month from a year ago to 18.9 billion cubic metres, an eight-month high, as state oil majors ramped up drilling to supply winter heating demand. Year-to-date output was up 6.4% over the corresponding period of 2021.
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