China Could Boost Crude Oil Imports Amid Higher Year-End Quotas ...Middle East

China’s crude oil imports could rise at the end of this year and early next year as independent refiners have just been issued additional crude import quotas for end-2024. Chinese authorities have issued additional quotas to the private refiners, the so-called teapots, to import at least another 5.84 million metric tons of crude by the end of the year or early next year, sources with knowledge of the developments told Reuters on Monday. This additional import quota, equal to about 116,800 barrels per day (bpd) of crude, could boost Chinese…

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