China Knowledge quoted according to the latest figures released by the National Development and Reform Commission, China, the world second largest oil consumer saw its crude oil output rise 0.6% YoY to 17.24 million tons in July this year.

In the first seven months, the country's crude oil output dropped 1.3% YoY to 117.35 million tons.

Last month, the country's oil-processing volume was 34.16 million tons, up 1.5% YoY. The country processed 238.11 million tons of crude oil in the 7 month period up by 0.3%YoY and saw its output of oil products climb 2.8% YoY to 147.69 million tons in the first seven months.

The country apparent consumption of oil products grew 3.1% YoY to 143.60 million tons in the first seven months.

Source - China Knowledge

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