• China's Plunging Crude Imports Bound To Hurt Oil Prices

    One year ago - By ETF Daily News

    From Irina Slav : China imported 12 percent less crude oil in December than in November, when crude imports had hit a record high, sparking immediate concern about demand from one of the world's top consumers.
    While some say the slump is due to Beijing's aggressive stance on fighting pollution, others say it is merely a seasonal decline.
    The record-high November oil shipments to China were stockpiled, and used by refiners during the last month of the year, suggesting that the latter explanation is likely, and that China's stockpiles are quite hefty.
    Despite the December lull, for...
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