High oil prices and China’s crackdown on the use of oil import quotas could result in the lowest crude oil import growth at the world’s top oil importer since 2001, analysts tell Reuters. Analysts—including Rystad Energy, Energy Aspects, and Independent Commodity Intelligence Services (ICIS)—estimate that the recent clampdown on the import and tax practices of independent refiners, as well as the significantly higher oil prices this year, could result in flat or slightly rising crude oil imports in China in 2021. Oil imports…
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