LAUNCESTON, Australia, Nov 8 (Reuters) – China’s crude oil imports rebounded in October, but the details are not as strong as the headlines suggest.
The world’s top crude buyer imported 10.16 million barrels per day (bpd) in October, the highest since May and a 14% increase from the same month in 2021, the data said Data cleared by Chinese customs on Monday.
There were several factors driving October’s rally, but a strong demand-led recovery is unlikely to be one of them.
Rather,…
