China's state-owned refiners reduced November crude runs on weak fuel demand - JLC

China’s state-owned refineries Sinopec and PetroChina reduced their crude runs in November after gasoline demand grew weaker due to less public holidays and declining temperatures, market intelligence provider JLC reported.

PHOTO: Black drum barrels of crude oil and the Chinese flag on a world map. Getty Images

“Diesel demand also shrank after a conventional peak season in September-October,” JLC said.

Both the companies processed a total of 36.20 million mt of crude in the month, with the daily throughput at roughly 1.21 million mt (8.89 million barrels), a decline of 3.59% from the previous month, JLC added. 

Sinopec refined 20.50 million mt of crude in November, with the daily throughput at about 683,330 mt (5.02 million bbls), down 4.58% from October, according to JLC data.

PetroChina processed about 15.7 million mt of crude, with the daily throughput at about 523,330 mt (3.87 million bbls), a decline of 2.27% from the previous month, JLC further noted.

By Aparupa Mazumder 

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