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China’s Diesel Commercial Stockpiles Rise To 4-Week High: Oilchem

OIL PRODUCTS

Commercial diesel stockpiles in China rose by 1.28% last week to 16.02mn tons as of 15 June, the highest level in four weeks according to a note from consultant OilChem.

  • Gasoline supplies by 0.32% week on week to 13.2mn ton, the highest level in three weeks.
  • China’s state-run oil refiners reduced run rates by 0.58 ppt last week to 77.6% as of June 15.
  • Run rates for Shandong teapots remained flat at 61.89%, while independent refiners nationwide reduced rates by 0.8 ppt week on week to 61.69%.

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