BEIJING (Reuters) - Gasoline inventories in China’s two oil majors CNPC and Sinopec fell 2.7 percent at the end of February to 31.9 million barrels from a month earlier, a Xinhua newsletter reported on Friday.

The two oil giants’ diesel stocks dipped 0.2 percent in February to 53.7 billion barrels, the bi-weekly China Oil, Gas & Petrochemicals reported, citing data from CNPC.
It also said that China’s crude inventories stood at 36.6 million tons at the end of February compared with 37.2 million tons at the end of January.
It also cited a CNPC expert as forecasting that China’s monthly crude output is expected to be 14.5-15.5 million tons while imports be 14 million tons in the next few months, with refinery runs at 28 million tons a month.