China’s Oil Buying Spree Is Slowing ...Middle East

China’s record-high imports from earlier this year continued to slow down last month along with other commodity imports, as demand growth slackens. The average amount of oil China imported in November stood at 11.04 million bpd, Reuters’ Clyde Russell wrote today, noting it was more than a million bpd higher than the October average but slightly lower than the average for November 2019. One reason for the monthly increase was a result of delayed shipments, Russell noted. Indeed, China’s crude oil buying binge earlier this year…

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