Gasoline and kerosene stockpiles in China, the world’s second-largest oil consumer, rose to the highest levels in at least four years even as exports of the fuels surged last month.
The death toll from an avalanche on Mount Everest in Nepal rose to 13 and most of those killed were local Sherpa guides, the official Xinhua news agency reported.
China’s natural gas production rose in March to the highest level in two years as the nation seeks to use more of the cleaner-burning fuel.
China plans to ban imports of coal with high-ash and high-sulfur content as the nation seeks to limit the dirtiest fuels to fight pollution.
China’s smaller, independent oil refineries known as teapots may be granted more import licenses this year, a government research official said.
China refined a record amount of crude last month as new plants owned by PetroChina Co. and Sinochem Group began operations.
Carrie Pan, a 29-year-old Shanghai accountant who’s lost almost half the value of her portfolio since she began investing in Chinese stocks, is confident again.
China refined the least crude in four months as fuel demand in the world’s second-largest oil consumer slowed amid a cooling economy.
China plans to raise natural gas prices this year to boost supplies of the cleaner-burning fuel in an effort to fight pollution.
China’s drive to cut pollution from vehicle exhaust is spurring the most gasoline exports since 2005 and reducing profit for regional refiners.