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By China Daily-Agencies | China Daily | Updated: 2016-09-20 08:10
Govts & Policies
Crude oil output sees sharp drop
China's crude oil output fell 9.9 percent year-on-year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed on Monday. Meanwhile, imports trended upward after private refineries were given permission to import crude last year. In the first eight months, China's crude oil imports rose 13.5 percent compared with the same period last year, while refined oil output gained 2.1 percent.
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