Soaring prices and recovering imports of diluted bitumen led to a second consecutive month of lower fuel oil imports into China compared to the previous month, according to official Chinese data. China’s fuel oil imports dropped by 8% from July to 1.4 million metric tons in August, per the data from the Chinese General Administration of Customs released on Wednesday and quoted by Reuters. Still, fuel oil imports in August more than doubled compared to the same month of 2022. The July imports of fuel oil into China plunged by 44% compared…
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