Latest News:  
Beijing   Overcast/Cloudy    28 / 22 ℃  City Forecast

Home>>China Business

China's oil production slightly down in May


14:14, June 25, 2012

BEIJING, June 25 (Xinhua) -- China's crude oil production declined 1.3 percent year on year to 17.03 million tonnes, while crude oil imports rose 0.9 percent to 20.82 million tonnes last month, the country's top economic planner said Saturday.

In the first five months of this year, crude oil production totalled 83.58 million tonnes, down 1.4 percent from the same period last year, while crude oil imports grew 3.5 percent to 109.18 million tonnes, data from the National Development and Reform Commission (NDRC) showed.

In May alone, Chinese oil producers refined 34.2 million tonnes of crude oil, down 1.8 percent year on year, but oil product output climbed 1.4 percent to 21.3 million tonnes, said the NDRC.

Meanwhile, the country's apparent consumption of refined oil increased 4 percent to 20.93 million tonnes, among which diesel consumption was up 3.9 percent to 13.22 million tonnes.

China has cut the per-tonne retail prices of gasoline and diesel twice in the past two months in the wake of falling crude oil prices in the global market, as a weak economic outlook for the eurozone and the United States sparked fears of decline in global oil demand.


Leave your comment0 comments

  1. Name


Selections for you

  1. Flood hits S China

  2. The vanishing views

  3. "Running on high heels" race held in Romania

  4. Euro 2012: Italy beats England 4-2

Most Popular


  1. Property necessary pill for economy
  2. Chinese banks must go global
  3. Putin's visit to Israel more symbolic than strategic
  4. Syria's new government faces escalation of tension
  5. Trade is tool to fix global economy
  6. Skyscraper frenzy brings loan risks to new heights
  7. China to 'maintain 8% growth for over 20 years'
  8. Larger labor force not a panacea for pension woes
  9. "China Containment theory" has no market
  10. Benefits of direct yen-yuan may be few, far between

What's happening in China

Flood hits S China

  1. Vice raid rescues 11 Vietnamese
  2. Evolving attitudes to foreigners
  3. China's logistics demand slows, costs up
  4. Funds see strong gains in year to date
  5. SW China quake leaves at least four dead

China Features

  1. Eurozone should move forward or it will fall over
  2. Food safety rumors have significant social impact
  3. Life in drug rehabilitation center in Hebei
  4. China's first private Perfume Museum
  5. Mengshan Mountain Giant Buddha

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai