China’s Crude Buying Rebounds as Fuel Exports Jump 29%

China’s crude oil imports rose for the second consecutive month in August as refiners turned to additional non-Middle Eastern supply and boosted overseas fuel shipments amid eased export restrictions. China imported 37. 93 million tons, or 8.

93 million barrels per day (bpd) of crude oil in August, up by 6. 2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.