Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further from low levels hit late last year, restocking with supplies that will arrive in March and April, trade sources said. That appetite from such refiners, often known as ‘teapots’, has driven up spot premiums for oil from Africa, Europe, Russia and Oman, the sources said, with prices for some grades hitting multi-month highs. That comes after teapots slowed crude purchases for delivery in the first two months of 2019 as demand for the fuel they churn out typically fades over the Lunar New Year holidays, which this year fall in early February. “It’s as if someone lit a match and the market’s caught […]