China’s oil Imports hit All-time high

China ramped up its stockpiling of crude last year, with imports beating the previous annual record, reached in 2020, as fuel demand bounced back after Covid-19 restrictions were lifted, Chinese customs data released on Friday showed. The country’s oil imports surged by 11% year-on-year to 11.28 million barrels per day (bpd) in 2023, exceeding the … Continue reading China’s oil Imports hit All-time high