Article Image
IPFS News Link • Oil

Don't Tell The Saudis, But China Just Ramped Crude Output By Most In 3 Years

• by Tyler Durden

 Production in the world's second-biggest buyer rose from a seven-year low last month as OPEC (and NOPEC) negotiated with each other over an output cut deal. As Bloomberg data shows, November saw the biggest rise in Chinese crude production since October 2013.

Chart: Bloomberg

And refining is soaring...