China’s Oil Imports Surge as Middle East Flows Hit New Highs

China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to customs data cited by Reuters. Imports from the UAE, for instance, rose from 2.05 tons a year ago to 3.82 million tons last month, while purchases from Kuwait went up from 970,000 tons to 2.36 million tons, the data showed. Imports of crude from Russia, however, declined on the year, from 9.83 million tons to 9.11 million tons in October. One ton of crude oil is roughly equal to 7.33 barrels. The country remained…