Crude oil imports into China last month went up by 3.9% on September 2024, flowing at an average daily rate of some 11.5 million barrels, Reuters calculated, citing official customs data from Beijing. The rise in crude imports was accompanied by an increase in refinery processing rates to 81.05%, which was the highest since the start of the year for state refiners. Independents, commonly called teapots by the media, also raised their utilization rate, to some 62%. Yet import rates were lower on the month, by 4.5%, Reuters noted in its report, citing…
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