22  April  2018

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 Infopetro -> Industry in Focus


China's Crude Oil Output Dips in June

  07/26/2017

China's crude oil output fell again in June as refineries

continued to cut output due to abundant supply and low

oil prices.

Crude oil output by producers with annual core business

revenues above 20 million yuan ($2.96 millio) dipped 2.3

percent year-on-year to 16.21 million metric tons in

June, according to the National Bureau of Statistics

(NBS).

The decline eased from May's 3.7-percent drop.

In the first six months, crude oil output dropped 5.1

percent year-on-year to 96.45 million tons.

In contrast, the output of raw coal increased 10.6

percent year-on-year to 310 million tons in June, the

fourth consecutive month of growth, the NBS said in a

statement.

In the first half of the year, raw coal output rose 5

percent year-on-year to 1.71 billion tons.

In June, natural gas output surged 14.6 percent year-on-

year to 11.55 billion cubic meters, 4.1 percentage points

higher than the growth in May.

In the first six months, the output of natural gas grew 8

percent year-on-year to hit 74.08 billion cubic meters.

Driven by double digit growth of nuclear, wind and solar

power generation, power output in June increased 5.2

percent year on year to 520.3 billion kilowatt-hours.

Power output increased 6.3 percent year-on-year to 2.96

trillion kilowatt-hours in the first half of 2017, the

NBS said.

The Chinese government has intensified efforts to fight

pollution and use more clean energy.

The country has pledged to cut its carbon emissions per

unit of GDP by 60-65 percent from 2005 levels by 2030 and

raise the share of non-fossil energy use in total

consumption to about 20 percent.



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