China Raises Crude Oil Imports to Ease Diesel Shortage
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China, the world’s biggest energy user, increased net imports of crude oil by 26 percent in November from a month earlier as refineries ramped up processing rates to ease a diesel shortage.
Net purchases were 20.3 million metric tons, or 5 million barrels a day, the highest since September’s record of 22.9 million tons, data from the Beijing-based General Administration of Customs showed today.