The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support global oil demand despite lockdowns in parts of China and many major European economies. China’s oil imports are estimated to have jumped by more than 32 percent in January compared to relatively weak December imports on the back of strong buying from independent refiners who started to use their allocated import quotas for 2021. Buying from the so-called teapots,…
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