According to the National Development and Reform Commission website, according to the operation bulletin, crude oil production in July was 16.43 million tons, an increase of 0.7% year-on-year; crude oil processing volume was 63.07 million tons, an increase of 18.5% year-on-year; refined oil production was 37.36 million tons, an increase of 13.1% year-on-year; Outlook consumption was 32.75 million tons, an increase of 10.3% year-on-year, of which gasoline increased by 15.5% year-on-year, and diesel increased by 15.5% year-on-year.
From January to July, crude oil production was 112.93 million tons, a year-on-year increase of 1.4%; crude oil processing volume was 375.72 million tons, a year-on-year increase of 4.8%; refined oil production was 22.16 million tons, down 0.2% year-on-year; the apparent consumption of refined oil was 186.61 million tons, A year-on-year decrease of 3.5%, of which gasoline dropped by 0.5% year-on-year and diesel increased by 2.5% year-on-year.
In addition, according to data released by the National Bureau of Statistics, China's crude oil production increased slightly in June and the processing volume accelerated. In June, 16.24 million tons of crude oil was produced, a year-on-year increase of 0.7%, and the growth rate was 0.6 percentage points lower than the previous month; 57.87 million tons of crude oil was processed, an increase of 9.0%, 0.8 percentage points higher than the previous month. In the first half of the year, 97.15 million tons of crude oil was produced, a year-on-year increase of 1.7%, a decrease of 0.7% from the first quarter; 320 million tons of crude oil was processed, a year-on-year increase of 0.6%, and a decrease of 4.6% in the first quarter.
Crude oil imports have grown rapidly and international crude oil prices have rebounded sharply. In June, 53.18 million tons of crude oil was imported, a year-on-year increase of 34.4%. In the first half of the year, 269 million tons of crude oil were imported, a year-on-year increase of 9.9%, an acceleration of 4.9% from the first quarter. On June 30, the spot FOB price of Brent crude oil was US$41.64/barrel, up 21.9% from US$34.15/barrel on May 29.
