BEIJING—China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited quotas to import.
The world’s biggest crude oil importer brought in 37.8 million tons last month, data from the General Administration of Customs showed on Sunday, equivalent to 8.9 million barrels per day (bpd).
