Data from the National Bureau of Statistics shows that crude oil production maintained steady growth. In July, industrial crude oil production above designated size reached 18.12 million tons, representing a year-on-year increase of 1.2%, with the growth rate slowing by 0.2 percentage points compared to June. Daily average production stood at 585,000 tons. For the January-July period, cumulative industrial crude oil production above designated size totaled 126.6 million tons, up 1.3% year-on-year.

Crude oil processing showed accelerated growth. In July, industrial crude oil processing above designated size reached 63.06 million tons, surging 8.9% year-on-year, with the growth rate accelerating by 0.4 percentage points from June. Daily average processing volume was 2.034 million tons. During the January-July period, cumulative industrial crude oil processing above designated size totaled 424.68 million tons, increasing 2.6% year-on-year.