Chinese crude oil throughput hit a new record in June as two new large refineries started up, driving processing rates higher, according to official data from China released on Monday. Last month, Chinese refineries increased crude throughput by 7.7 percent year on year, to around 13.07 million bpd, Reuters calculations in barrels from data provided in tons by China’s National Bureau of Statistics (NBS) showed. The start-up of two major new private refineries, each with 400,000-bpd processing capacity, helped Chinese refinery throughput jump…
