BEIJING: China's commercial crude oil stocks at the end of April fell 3.7 percent from the previous month and refined fuel stocks eased 2.45 percent on month, the official Xinhua News Agency reported on Tuesday.
Diesel recorded a steep fall of 10.6 percent over the previous month, due to a record amount of exports and a rebound in consumptions from the farming and construction sectors, reported China Oil, Gas & Petrochemicals (OGP), a newsletter run by the news agency.
Gasoline, however, expanded 10.77 percent in the month to the highest level since at least January 2014, the data showed.
"Expectations on high of national benchmark product oil prices in the second half of April and restocking for May Day holidays lifted social gasoline stocks," said the newsletter.
Last month, national refinery crude throughput gained 2.4 percent from a year earlier at 10.89 million barrels per day, and up from 10.58 million bpd in March.
The following table shows China's commercial stockpiles in millions of metric tonnes, calculated by Reuters based on monthly percentage change data released each month in China OGP.
The publication stopped reporting outright volumes in July 2010. It does not include strategic reserves and may also not include reserves held by the state-owned oil majors for strategic purposes.
Comments
Comments are closed for this article.