China surplus crude supply at 2.13 million mt in June

摘要

Singapore—China had 2.13 million mt or an average 520,400 b/d of surplus crude supply in June, down sharply from 4.4 million mt in May, Platts analysis of recent data showed July 17. Platts calculates surplus crude supply by subtracting refinery throughput from net crude imports and domestic crude production. China’s crude oil output in June fell 3.8% from May to an average 4.03 million b/d, the lowest level so far this year on a daily basis, according to data from the National Bureau of Statistics received by Platts on July 17.