National Bureau of Statistics: industrial crude oil production in June reached 17.95 million tons

Data released on July 15th indicated that there was an acceleration in crude oil production. The planned industrial crude oil output for June was 17.95 million tons, reflecting a year-on-year growth rate of 2.4%, which is 1.8 percentage points higher than May's growth rate. The average daily output was recorded at 598,000 tons.

Data released on July 15th indicated that there was an acceleration in crude oil production. The planned industrial crude oil output for June was 17.95 million tons, reflecting a year-on-year growth rate of 2.4%, which is 1.8 percentage points higher than May's growth rate. The average daily output was recorded at 598,000 tons. Additionally, imports of crude oil totaled 46.45 million tons, representing a decrease of 10.7% compared to the previous year.

From January to June, the planned industrial crude oil output amounted to 107.05 million tons, showing an increase of 1.9%. Meanwhile, imports of crude oil during this period were reported at 275.48 million tons, down by 2.3% year-on-year.

It is worth noting that despite the increase in production and import numbers, there has been a decline in crude oil processing overall.