China’s crude oil stocks as of end-October rose 29.09 million barrels from a month earlier, and stocks are expected to continue building in November on high crude oil imports amid a slowdown in refinery throughput. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stockbuild in October surged 416.7% from the build in September, and contrasted sharply to a draw of 26.81 million barrels in the same month last year, S&P Global Platts calculations based on official data showed. The high stockpile was within expectations as crude supply rose to a historical high, outstripping the increase in refinery throughput. China does not release official data on stocks. Platts calculates the country’s net build or draw in crude stocks by subtracting official refinery throughput data from the country’s crude supply data. The latter takes into account net crude imports and domestic production. China’s overall […]