China Is Buying Oil Again After Months of Living Off Its Stockpiles

China’s crude oil imports last month hit the highest since March, reaching 41.94 million tons, equal to around 9.88 million barrels daily. The October average was a 9.4% increase on the previous month as well, Reuters reported. Seaborne crude oil imports specifically went up by 12% in October from September, according to data from Kpler. Citing official customs data, the publication also reported that despite the monthly increase and the seven-month high, October’s total in oil imports was still 13.3% below the volume for October 2025.…