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China's crude stocks slump despite slight rise in September import rate
BEIJING: China’s September crude oil imports dropped 21.5% from a year earlier, customs data showed, with higher refinery runs and delayed crude arrivals contributing to the biggest monthly draw in the country’s onshore crude inventories in analysts’ records. The world’s biggest oil buyer imported 37.1 million metric tons of crude oil in September, or 9.03 million barrels per day, with the daily import rate up 1.1% from the previous month, according to data from China’s General Administration of Customs. In the first three quarters, China imported 357.97 million tons of crude oil, or 9.57 mill...
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