China’s Crude Oil Rises 2.5 % in October

Beijing, November 20 (QNA) – China’s crude oil output posted faster expansion in October, official data showed.

The output totaled 17.22 million tones in October, rising 2.5 % year on year and 1.1 percentage points higher than that of September, according to the National Bureau of Statistics.

Last month, China imported 43.14 million tones of crude oil, climbing 14.1 % year on year and reversing the 1.6 % decline in September.

From January to October, China’s crude oil output amounted to about 171 million tones, representing a 3 % increase from a year ago. (QNA)