China’s crude oil imports ticked up in October for the first year-over-year increase since May, reaching 43.14 million tons, according to official customs data. The amount is equal to about 10.5 million barrels daily, based on a conversion rate of 7.33 barrels to a ton. The October figure compared with an import rate of 9.79 million barrels daily for September or 40.24 million tons for the whole month. Over the first nine months of the year, Chinese oil imports stood at 370.4 million tons or 9.9 million barrels daily, which was 4.3 percent…
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