A worker checking the pipelines at a PetroChina oil field on the outskirts of Guang’an, Sichuan province. China’s refineries are likely to have stepped up imports in October on the back of cheaper global crude prices. — Reuters
CHINA’S imports of crude oil rebounded in October, but the details aren’t as strong as the headline number suggests.
The world’s largest crude buyer imported 10.16 million barrels per day (bpd) in October, the highest since May and a 14% leap from the same month in 2021, according to data released on Monday by China customs.
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