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China’s crude oil output edges up by 0.3pct YoY in October 2018

Gasoil News - Published on Wed, 05 Dec 2018

Image Source: SteelGuru
Xinhua reported that China’s crude oil output edged up 0.3pct YoY in October, data from the National Development and Reform Commission showed. Crude oil output came in at 16.09 million tonnes in October, while the country refined 52.78 million tonnes of crude oil, up 4.6 percent YoY. China is one of the world’s largest oil purchasers, importing more than 60 percent of its oil.

In October, China consumed 56.75 million tonnes of crude oil, up 21.3 percent YoY. Crude oil imports rose 31.5 percent to 40.8 million tonnes.

Meanwhile, natural gas output totaled 13.4 billion cubic meters in October, up 8.9 percent YoY.

Source :

Posted By : Joykumar Irom on Wed, 05 Dec 2018
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