China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs.
Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons in July, up by 7.1% compared to a year earlier, according to customs data cited by Reuters.
China’s diesel and gasoline exports have dropped year to date, but shipments surged in July from the same month of 2024. Diesel exports soared by 53.2% while gasoline shipments jumped by 18.6%, according to the Chinese customs data. Jet fuel shipments increased by 10.9% year on year, to the highest level since March 2025.
The July exports maintained the rising trend from June, but diesel and gasoline shipments between January and July were lower compared to the same period of 2024, per the official Chinese data.
Higher refinery runs in China in June and July have resulted in increased crude throughput and exports of fuels.
China’s oil refining throughput jumped by 9% in July from a year earlier amid higher utilization capacity at state-owned refiners.
Chinese refiners processed 14.85 million barrels per day (bpd) of crude oil last month.
The crude processing throughput was slightly lower compared to June this year, down by 1.95%.
June, however, saw the strongest oil refining levels in China in nearly two years. Improved fuel margins and the end of spring maintenance boosted oil refinery throughput in June to the highest level since September 2023.
The July throughput remained strong, despite the monthly decline. Utilization across refineries rose from June and from July last year and stood at 71.84%, per data from consultancy Oilchem quoted by Reuters.
Crude oil imports into the world’s top crude importer jumped by 11.5% in July from a year earlier as major state refiners boosted processing rates, official data showed earlier this month.
By Tsvetana Paraskova for Oilprice.com
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