Chinese Refiners Processed Record Amounts Of Crude In 2020

After a pandemic-hit slow start to 2020, China’s refiners boosted production from April, thanks to ultra-low crude oil prices and a rebound in the Chinese economy and fuel demand, setting a new record for crude oil processing volumes. Crude oil throughput at China’s refineries averaged 674.41 million tons, or 13.51 million barrels per day (bpd), in 2020, a 3.2-percent increase over the previous year to a record-high processing volume, according to data from the National Bureau of Statistics cited by Argus. Last year, when international…