China’s October crude oil imports have risen to their highest level since March this year, official data shows, even after the war on Iran disrupted supplies from the Middle East.
– The world’s largest oil buyer imported 41.94 million metric tonnes of crude oil in October, or 9.88 million barrels per day, with the daily import rate up 9.4 percent from September, according to China’s customs data.
– However, October imports were down 13.3 percent from a year earlier, and imports in the first 10 months of the year totalled 399.9 million tonnes, down 15.1 percent from a year earlier.
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