Financial, market and economic news

How Long Will China Continue To Prop Up The Oil Market?

China has played a significant role in supporting global oil demand recovery in recent months by importing its highest-on-record crude volumes since May.  Customs import data from the world’s top oil importer continue to show strong arrivals of crude as ports and customs continue to process cargoes that have waited for weeks to discharge.   However, with demand recovery in the rest of Asia still wobbling and refining margins in the region still depressed, the oil market and oil analysts have one primary concern about demand…

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