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China’s Gasoline Stockpiles at Highest Since Early Feb

OIL PRODUCTS
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China’s commercial gasoline stockpiles increased by 5.5% week on week to 11.9mn tons as of 25 April, the highest level since 8 February according to OilChem.

  • Diesel inventories edged lower on the week by 0.03% to 16.9mn tons as of 25 April, the lowest since 11 April.
  • State-run crude processing rates declined to 77.59% in the week to 25 April, the lowest since 29 February.
  • Crude processing rates from China’s teapots increased to 56% in the week to 25 April, the highest since 9 February.
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China’s commercial gasoline stockpiles increased by 5.5% week on week to 11.9mn tons as of 25 April, the highest level since 8 February according to OilChem.

  • Diesel inventories edged lower on the week by 0.03% to 16.9mn tons as of 25 April, the lowest since 11 April.
  • State-run crude processing rates declined to 77.59% in the week to 25 April, the lowest since 29 February.
  • Crude processing rates from China’s teapots increased to 56% in the week to 25 April, the highest since 9 February.