Economic recovery and increased demand for fuel exports are seen as the major consumption drivers China’s crude oil imports surged to their highest levels in almost three years last month as refineries have ramped up production to catch up with growing fuel export demand, Reuters reported on Thursday, citing customs data. Oil imports jumped 22.5% in March to 52.3 million tons, or 12.3 million barrels per day (bpd), representing the largest volumes of crude shipments for any month since June 2020, the figures showed. Industry experts attribute the surge in crude imports to a sharp increase in the country’s export
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