China’s oil imports surge to five-month high ...News

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China’s oil imports surge to five-month high
The October increase is attributed to Beijing’s fuel export quota The world’s largest oil importer, China, purchased 43.14 million tons of crude in October, equating to 10.2 million barrels per day, according to data released by the country’s customs service on Monday. October oil imports were 4% greater than in September and the highest since May. In September, Beijing moved to boost the export of refined oil products by issuing a 15-million-ton annual quota, which could be rolled over into the first quarter.  According to tanker-tracking data compiled by Bloomberg, the impact of the move will continue to show up

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