August output falls 9.9% y-o-y to 3.89 million barrels a day Refinery runs seen rising as peak maintenance seasons ends China’s crude oil imports may rise further in the coming months as tumbling domestic output leaves refiners looking overseas for supplies, helping ease a persistent global glut. Imports by the world’s second-biggest consumer may extend last month’s rebound as the country’s oil processors come out of their peak maintenance season while domestic output falls further after sliding to the lowest in more than six years, according to analysts from Natixis SA and Energy Aspects Ltd. “The extent of decline in crude production is quite astonishing,” Michal Meidan, a London-based analyst with Energy Aspects, said by phone. “Naturally, such a gap in supply will be partly made up with imports.” Production in August dropped 9.9 percent from a year ago to about 3.89 million barrels a day, the lowest since […]