SINGAPORE :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.
State refiners that control most of fuel export quotas started ramping up productions, of diesel fuel in particular, to capture robust exports profits. November production was also supported by the start-up of PetroChina's new 200,000-bpd crude facility and Shenghong Petrochemical's 320,000-bpd plant, although it may take another few months for them to reach commercial operations.
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