China’s crude oil imports rose 12% in November from a year earlier to a 10-month high, data showed on Wednesday, as companies replenished inventories with cheaper oil and new plants came on stream.

The world’s largest crude oil importer imported 46.74 million tons of crude last month, equivalent to 11.37 million barrels per day (bpd), according to data from the General Administration of Customs.

That was up from 10.16 million bpd in October and 10.17 million bpd in November…

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