China’s crude stocks continued to grow for the fifth straight month in October, despite a month-on-month drop in net imports, output and slight rise in throughput, Platts calculations based on recently released official data showed. Crude stocks rose at a rate of 45,000 b/d in October, lower than the 784,000 b/d seen in September. China does not release official data on stocks. Platts calculates China’s net crude stock draw or build by subtracting refinery throughput from the country’s crude oil supply. The latter takes into account net crude oil imports and domestic crude production. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly API statistics, and much more Over the first ten months of this year, the […]