China end-Nov fuel stocks up, first rise in six months

China's refined oil product inventories at the end of November rose 3.6 percent from a month earlier, the first rise in six months, the official Xinhua news agency said in a newsletter on Wednesday.
The country's commercial crude oil stocks at the end of November fell 1.34 percent from end-October, marking their second drop in a row after four consecutive gains, the China Oil, Gas and Petrochemicals reported.
Gasoline inventories at the end of last month rose 4.9 percent from the end of October, diesel stocks rose 2.3 percent and kerosene stocks increased 5.2 percent, the report said.
Based on earlier figures from the publication, the data suggests gasoline stocks at the end of November totaled about 6.41 million tonnes, diesel stocks at about 7.85 million tonnes and kerosene stocks at about 1.39 million tonnes.
The publication did not provide outright volumes for any of the products. China does not consistently publish official oil stocks figures.
Top two state oil refiners Sinopec and PetroChina have said their refineries were running at full rates in November to boost fuel production amid a diesel shortage.
China's net diesel imports were at 70,000 tonnes in November, down from more than 198,000 tonnes in October, customs data showed on Wednesday, as main oil firms beefed up their own production to meet domestic demand.
Source: Reuters