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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
REFINING
China’s refinery throughput fell 3.4% from a year prior – its first annual decline since 2001 after lockdown measures took a toll on domestic consumption levels.
- Chinese refiners processed 675.9 million tonnes of crude oil last year according to the National Bureau of Statistics (NBS) on Tuesday, or about 13.5 million bpd.
- Crude throughput in December rose 2.5% from the same month a year earlier to 59.88 million tonnes or 14.1mn bpd.
- Chinese refinery runs saw a rebound from September last year as Beijing shifted its fuel trade policy, boosting export quotas and allowing refiners to ramp up runs.
- Fourth-quarter refined fuel exports, including diesel, gasoline, aviation fuel and marine fuel oil, surged 61% over a year-ago period to 18.3 million tonnes.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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