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Maintenance in effect

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Global crude runs were only just higher in January than a year earlier, as turnarounds and weak refining margins limited throughputs. There were marked regional differences. Throughputs in the US and Russia were 1.1mn b/d up on January last year, while refiners in Europe and Asia-Pacific ran at lower rates. Chinese runs reached a record 10.2mn b/d in January last year, but averaged just 9.5mn b/d in the subsequent 11 months. Large product exporters in Asia-Pacific are struggling to dispose of surplus middle distillates amid rising competition from Mideast Gulf refineries. Diesel output in Japan, South Korea and India — which together export over 1.5mn b/d of middle distillates — rose by almost 200,000 b/d last year while their demand was only 30,000 b/d up on 2012.
机译:一月份全球原油运量仅略高于一年前,原因是转机和炼油利润疲软限制了产量。存在明显的地区差异。去年1月,美国和俄罗斯的吞吐量为110万桶/日,而欧洲和亚太地区的炼油厂的生产率较低。去年1月,中国原油的产量达到创纪录的1020万桶/日,但随后的11个月平均仅为950万桶/日。由于中东海湾炼油厂的竞争加剧,亚太地区的大型产品出口商正努力处置过剩的中间馏分油。去年,日本,韩国和印度的柴油产量合计超过150万桶/天,而中间馏分的出口量则增加了近20万桶/天,而需求却比2012年增加了3万桶/天。

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