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China’s surplus crude oil hits nearly 1 million bpd for September

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The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being available for storage. China’s refineries processed 14.29 million bpd of crude in September, up slightly from 13.91 million bpd in August, but ...

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