HONG KONG (MarketWatch) -- China's oil refineries processed a record 31.19 million tons (233.9 million barrels) of crude oil in May, a 10.7% rise over the same period a year earlier, according to a Xinhua report Monday, which cited data from the China Petroleum and Chemical Industry Association. http://www.marketwatch.com/story/chinas-refined-oil-consumption-hits-record-in-may