China Oil Buying Binge Set to Slow Down – Rigzone
(Bloomberg) – China’s record haul of crude is poised to end as state-issued allowances for imports dwindle, potentially taking the wind out of the uneven recovery across global oil markets.
The world’s biggest importer will ship in much less crude in September and October than it did in May and June, with private refiners seeing purchases drop as much as 40%, according to analysts from…