China’s crude oil imports in October registered the first year-on-year decline since April, with a 6.5% drop to 10.06 million b/d or 42.56 million mt, as refiners slowed down on their purchases amid a drop in throughput and less import quotas. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fall in imports, which was within market expectations, is also likely to continue for the rest of 2020 due to the lower throughout and exhausted import quotas among private sector refiners. The October imports were at a six-month low since April, when the volume was 9.88 million b/d, preliminary data released Nov. 7 by the General Administration of Customs showed. On a barrels-per-day basis, the imports dropped 15.1% from the 11.85 million b/d in September, […]