China Crude Oil Output in December Up by 5.6%

China Knowledge reported that China, the world's second largest oil consumer, saw its crude oil output grow 5.6% YoY to 17.94 million tonne in December 2012.

According to the figures released by the National Statistics Bureau, China's natural gas output hit 10.2 billion cubic meters last month, reflecting a YoY increase of 5.6%.

In December 2012, China produced 14.97 million metric tons of diesel, 8.47 million metric tonnes of gasoline, 1.87 million metric tons of fuel oil and 1.9 million metric tonnes of kerosene, up 2.2%, 17.6%, 18.4% and 15.9% YoY, respectively.

In whole year of 2012, the country saw its crude oil output amount to 207.48 million metric tonnes or equivalent to 4.16 million barrels of crude oil per day, 1.9% more than it realized in 2011.