China Crude Oil Output Grows By 1.4% To 16.04 Million Tonnes In Feb 2014

China, the world's second largest oil consumer, saw its crude oil output grow 1.4% year on year to 16.04 million tons in Feb 2014, according to recent figures released by the National Development and Reform Commission.

Last month, the country processed 35.81 million tons of crude oil, 3.7% more than in the same period of 2013. The February saw the output of oil products climb 5.7% year on year to 22.34 million tons. There was also an increase of 9.3% growth in gasoline output and a 1.1% increase in the output of diesel. The country's consumption of oil products declined 3.2% year on year to 18.52 million tons in Feb 2014.

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