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China set for steady crude imports as oil prices top $100
OilPrice says China is expected to import roughly the same crude volumes in September as in August, as refiners face sourcing pressure and Iranian barrels are scarce.
China is not expected to materially increase crude oil imports through the end of the year, OilPrice reports, with spot prices moving back above $100 per barrel.
The outlet attributes the lack of a near-term import boost to independent refiners struggling to procure cheaper supply as Iranian barrels near a disappearance.
OilPrice says China is on track to import roughly the same crude volumes in September as it did in August, extending a recovering shipments trend.
The piece also cites current energy price levels, including WTI and Brent trading above $100 per barrel at the time of publication.
Latest closeWTI crude $93.42 ▲1.1%|Brent $98.85 ▼5.2%