China end-April commercial crude stocks up 0.5pc on month

May 26:

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BEIJING: China's commercial crude oil stocks at the end of April rose 0.5 percent from March, while refined fuel stocks were down 1.8 percent, the official Xinhua News Agency reported on Tuesday.
Diesel led the fall in stocks with a 4.4 percent decline, as spring cultivation went into full swing, and industrial, mining and construction operation rates rose, China Oil, Gas & Petrochemicals (OGP), a Xinhua oil and gas newsletter, reported.
Gasoline recorded a 3.4 percent rise, the newsletter said, after two consecutive retail price hikes.
Kerosene, used mostly as aviation fuel, slipped 3.5 percent from the previous month.
Crude stocks exclude the country's strategic reserves, China OGP said.
Last month, national refinery crude throughput was down 0.3 percent from March at 10.49 million barrels per day.
The following table shows China's commercial stockpiles in millions of metric tonnes, calculated by Reuters based on monthly percentage change data released each month in China OGP.
The publication stopped reporting outright volumes in July 2010. It does not include strategic reserves and may also not include reserves held by the state-owned oil majors for strategic purposes.

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