China's daily refinery output hits 15-month low in August

Credit: REUTERS/CHINA STRINGER NETWORK

China's crude oil throughput continued to fall in August, with daily runs hitting the lowest since May 2020, as a resurgence in coronavirus cases and a drastic cut in fuel export quotas hurt production at refineries.

BEIJING, Sept 15 (Reuters) - China's crude oil throughput continued to fall in August, with daily runs hitting the lowest since May 2020, as a resurgence in coronavirus cases and a drastic cut in fuel export quotas hurt production at refineries.

Processing volumes in August were 58.35 million tonnes, or 13.74 million barrels per day (bpd), down 2.2% from a year earlier, data from the National Bureau of Statistics (NBS) showed on Wednesday.

That was also lower than 13.91 million bpd in July, which was a 14-month low.

Total throughput during the first eight months of 2021 reached 470.79 million tonnes, up 7.4% from a year earlier, largely reflecting the economy's recovery from the initial impact of the COVID-19 pandemic.

(Reporting by Chen Aizhu in Singapore and Muyu Xu in Beijing; Editing by Himani Sarkar)

((muyu.xu@thomsonreuters.com; +86 10 56692117;))

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