Chinese refinery throughput rises for third month on fuel exports

China's refinery crude throughput rose for a third straight month in September, boosted by fuel exports after Beijing relaxed export restrictions in mid-July.

• China processed 57.48 million tonnes of crude in September, down 8.4% year-on-year but up 0.6% daily from August, its highest since March.
• Fuel exports of gasoline, diesel and jet fuel reached 4.41 million tonnes in September, up 56% year-on-year.
• China's crude imports fell 21.5% year-on-year in September.
• China drew down oil stockpiles by 529,000 barrels per day in September, based on calculations using official data.