China crude oil stocks drop 1.6 percent, diesel hits record low

China's end-November crude oil stocks fell 1.55 percent from the previous month to 29.89 million tonnes as domestic output shrank and winter demand grew, data from the official Xinhua news agency showed, while diesel inventories slid to a record low. That left crude oil stocks at their lowest level since July, according to the data, released in a Xinhua report on Monday.
China's refinery throughput hit a daily record in November as plant maintenance wound down and independents ramped up productions. Crude oil production fell 9 percent from a year earlier.