Lower Oil Prices Boost China’s Crude Imports in November

China is set to import this month the highest crude oil volumes since August, as oil prices slumped amid demand concerns in early September when most November cargoes were likely contracted. The world’s top crude oil importer is estimated to import about 11.4 million barrels per day (bpd) of crude, Reuters columnist Clyde Russell reports, citing tanker-tracking and port data compiled by LSEG Oil Research and commodity analysts Kpler. If these estimates pan out, China would have imported in November the highest crude volumes since the August...