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China Is Buying Oil Again After Months of Living Off Its Stockpiles

Barchart·11/10/2026 06:36:04
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China’s crude oil imports last month hit the highest since March, reaching 41.94 million tons, equal to around 9.88 million barrels daily. The October average was a 9.4% increase on the previous month as well, Reuters reported. Seaborne crude oil imports specifically went up by 12% in October from September, according to data from Kpler. Citing official customs data, the publication also reported that despite the monthly increase and the seven-month high, October’s total in oil imports was still 13.3% below the volume for October 2025.…