Chinese oil import should remain high

According to bloomberg's website, China is breaking records in the import of oil and this should extend as new refineries start up and the economy benefits from relieving trade tensions with the Us.

In November, the country imported a daily volume of 11.18 million barrels, exceeding the previous maximum of 10.77 million barrels established in June 2005. In addition, with the increase in the production of new refineries in Zhejiang and Zhanjiang and the growth of domestic production of chinese fuel, Chinese purchases are likely to continue to rise.

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