China’s Oil Imports May Be Set to Recover as Stockpiling Returns

AI Summary

China's crude oil imports are expected to recover as the country relaxes fuel export restrictions and increases refinery run rates. Analysts forecast a return to strategic stockpiling later this year, driven by heightened demand for Middle Eastern oil supplies.

China’s crude imports look poised to recover from a months-long slump as the country relaxes fuel export curbs, raises run rates and snaps up prompt Middle East supplies, with analysts and traders forecasting a return to strategic stockpiling later this year.