BEIJING: China's daily crude oil throughput rebounded in October from its lowest level in more than a year in the previous month, with refiners cranking up operations amid high fuel prices and robust demand.
Production was down 3per cent from October 2020, although total throughput for the first 10 months of 2021 reached 585.15 million tonnes, up 5.2per cent from a year earlier. China's crude oil throughput. Asia's largest oil refiner Sinopec Corp said then its refineries were running at full output, and that it had increased its diesel output by 20 per cent in October from September. PetroChina, China's No.2 state refiner, also ramped up diesel supply in October.
Operational rates at independent refiners in China's oil refining hub Shandong were at around 73 per cent in late October, up from 68 per cent at end-September, according to data compiled by China-based Sublime Consultancy.
China turns on refineries because fuel prices are high...more like the other way around. How about if they never shut them down due to harsh quarantine regulations the prices would've never gotten high to begin with!
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