- Chinese refiners have increased their crude oil purchases ahead of the year’s end as they see higher fuel exports in the final months of the year.
- In fact, at least one analytical firm, FGE, is forecasting quite a strong increase in Chinese oil imports towards the end of this year and the beginning of next.
- Yet state-owned energy majors are also stepping up their purchases of crude in the final months of the year.
Chinese Refiners Rush To Stock Up On Crude Oil
