Fall in crude oil output narrows in May
Print Edition
China’s crude oil output shed 1.6 percent year on year in May to 15.97 million tons, narrowed from a 2.3-percent drop in April, data from the National Bureau of Statistics showed.
China produced 515,000 tons of crude oil per day last month, down from 517,000 tons for April. The daily crude oil output had stayed at around 515,000 tons for five months in a row, said the bureau.
In May, China’s crude oil imports gained 5 percent year on year to 39.05 million tons, the data showed.
In the first five months this year, China’s crude oil output fell 2 percent to 78.23 million tons, while the first four months saw crude oil imports shed 2.1 percent, according to the bureau.
From January to May, China’s crude oil imports rose 8 percent year on year to 190 million tons, the data showed.
International crude oil prices rose in May. At the end of last month, crude oil prices rose to US$76.45 per barrel, from US$75.92 a month ago.
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