CHINA TOPIX

China's Crude Oil Production Drops to 6-Year Low

Rina S.   |

Sep 14, 2016 03:39 PM EDT

China reported a record drop in its crude oil production for the month of August. According to the National Bureau of Statistics, the country's production fell by 9.9 percent from a year ago to 16.45 million tons. The fall main comes due to state energy companies pumping less oil from high-cost fields.