China’s Oil Imports Slowly Return To Normal Levels

China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the congestion at Chinese ports, according to data from energy analytics services provider OilX. Compared to September last year, Chinese crude oil imports jumped by 24.4 percent, or by 2.26 million bpd, OilX’s data showed.    “After growing for five consecutive months, floating storage in China fell for the first time, indicating that port…