China's Oil Stockpiling Surge

Chinas crude oil stockpiles surged in October, with a daily increase of 690,000 barrels, up from 570,000 in September. Despite a slight dip in refinery processing, averaging 14.94 million barrels per day, imports remained robust at 11.39 million barrels daily. Chinas strategic stockpiling, averaging 900,000 barrels per day over the first ten months, underscores its commitment to energy security amidst global market uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.