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Article Summary
- China considering boosting crude oil imports amid higher year-end quotas
- Increase in imports driven by recovering demand and higher refining margins
- China's oil imports have already hit record highs this year
- Potential impact on global oil prices and market dynamics
- Analysis of China's oil import trends and projections
- The tone of the URL is informative and analytical.
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China Could Boost Crude Oil Imports Amid Higher Year-End Quotas
Chinas crude oil imports could rise at the end of this year and early next year as independent refiners have just been issued additional crude import quotas for end-2024. Chinese authorities have issued additional quotas to the private refiners, the so-called teapots, to import at least another 5.84 million metric tons of crude by the end of the year or early next year, sources with knowledge o...
https://oilprice.com/Latest-Energy-News/World-News...
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