China to draw down crude inventories on rebound in October oil processing amid weak imports

MOSCOW (MRC) -- A rebound in China's crude oil processing in October coupled with a sharp drop in imports of the fuel means the world's biggest crude buyer is back to drawing down inventories, reported Reuters.China's refineries used 58.4 MM tons of crude in October, equivalent to about 13.75 MMbpd, up from the 16-month low of 13.64 MMbpd in September.But the total volume of crude availa

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