China crude output near multi-year low in March - Reuters

According to the latest data published by China’s National Statistical Bureau (NBS), the country’s March crude oil output stood at 15.96 million tonnes, or 3.76 million bpd, flat compared with the average levels in the first two months and near the lowest since June of 2011, as cited by Reuters.

Meanwhile, the Chinese refineries processed 51.51 million tonnes of crude last month, equivalent to 12.13 million bpd that beat the previous record of 12.03 mln bpd, set last November.

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