Data from the National Bureau of Statistics showed, on Monday (16), that the level of oil processing in refineries in China advanced 2.6% in October compared to the same month a year earlier, to the highest level ever recorded.
Due to firm demand driven by holiday travel, the country processed 59.82 million tons of oil last month, equivalent to 14.09 million barrels per day (bpd). That number is compared to 13.96 million bpd in September and surpasses the previous daily record in June of 14.08 million bpd.
Total processing during the first 10 months of 2020 was 555.18 million tons, or 13.29 million bpd, up 2.9% compared to the same period in 2019. Demand for gasoline remained firm with more motorists taking the roads for long trips during a holiday period in early October.