China’s oil thirst continues to grow, despite the impact that U.S. tariffs are starting to have on the world’s second largest economy. On Saturday, preliminary data from China’s General Administration of Customs showed that China’s crude oil imports rose 15.7 percent year-on-year to record high of 10.48 million b/d in November . A report by commodities data provider S&P Global Platts said it was the first time China’s monthly crude imports have totaled more than 10 million b/d. The previous record high was 9.64 million b/d reached in April 2018. On a barrels per-day basis, the report added, the inflow represents a 13.9 percent increase from 9.19 million b/d in October. To put that number into perspective, China’s 10.48 million bpd of oil imports is just slightly under Saudi Arabia’s record high oil production of 10.72 million b/d in November 2016, just before OPEC and its Russia-led non-OPEC allies […]