China’s Refinery Throughput Jumps To Record Highs

High margins on the export markets and peak domestic summer demand prompted China’s refiners to boost crude oil processing to a record-high 15.23 million barrels per day (bpd) in August, official Chinese data showed on Friday.   The total throughput jumped last month by 19.6% compared to August 2022, according to data from China’s National Bureau of Statistics (NBS) quoted by Reuters. The rise in refinery runs was the highest annual increase since March 2021, Reuters noted. Between January and August, refinery throughput went…