China’s crude imports are expected to rebound sharply in the fourth quarter as refiners replace disrupted Middle Eastern supplies, although high prices are limiting purchases and stockpiling.

Purchases from the Gulf accounted for 27.6 per cent of China’s total crude imports in July, up over 10 percentage points from the month before.

China’s crude imports are expected to rebound sharply in the fourth quarter as refiners replace disrupted Middle Eastern supplies, although high prices are limiting purchases and…