China August oil throughput rises on fuel exports

China processed 59.07 million metric tons of crude in August, marking a second straight monthly increase supported by strong fuel exports. The rise follows eased restrictions by Beijing in July, despite ongoing supply pressures linked to the Iran war.

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Immigration inspection officers in protective suits check a tanker carrying imported crude oil at the port in Qingdao, Shandong province, China May 9, 2022. China Daily via REUTERS

China processed 13.91 million bpd of crude in August, rising 11.2% from July as fuel exports rebounded. The increase follows relaxed export restrictions and ongoing disruptions tied to the Iran war.

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