Official Data Shows China's Industrial Crude Oil Output Fell 0.5% Year-on-Year in June

Deep News
07/15

Official data released by the National Bureau of Statistics indicates that crude oil production remained stable.

In June, industrial crude oil production from enterprises above a designated size reached 18.12 million tonnes, representing a year-on-year decrease of 0.5%. The average daily output was 604,000 tonnes.

For the period from January to June, cumulative industrial crude oil production from these enterprises totaled 109.43 million tonnes, reflecting a year-on-year increase of 0.9%.

The decline in crude oil processing volume widened.

In June, the volume of crude oil processed by these industrial enterprises was 51.24 million tonnes, a year-on-year decrease of 17.7%. This decline was 8.6 percentage points wider than that recorded in May. The average daily processing volume was 1.708 million tonnes.

For the first six months of the year, the cumulative volume of crude oil processed was 343.87 million tonnes, marking a year-on-year decrease of 4.9%.

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