¬†Crude oil imports by China’s independent refineries rose 2.8% on the month and 8.5% on the year to 7.26 million mt or 1.77 million b/d in September, driven by higher feedstock demand following the completion of turnarounds and the rush to use up crude quotas by the end of the year, a monthly survey by S&P Global Platts showed Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The crude import volume was mostly in line with market expectations, as a slight rebound was expected with the refineries restarting from maintenance shutdowns in September. “Cargoes that arrived in September were mostly booked around July, when refineries [were optimistic] about future demand, and expected arrivals for October to increase,” a source with a Shandong independent refiner said. The sector’s crude imports over January-September inched up 1.3% year on year to around 71.9 million mt, […]