China Issues Huge Batch Of Crude Oil Import Quotas ...Middle East

China has allocated a massive batch of crude oil import quotas to refiners, raising the allowances from early last year by around 60% and allocating full-year quotas to some, according to consultancies and traders. The early allocation of a large volume of import allowances would help refiners better plan their crude purchases in 2024, the experts told media on Tuesday.    For 2024, China released a total of 179.01 million metric tons of crude import quotas, compared to a quota of 111.82 million tons issued in the first batch of quotas…

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