China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% increase on the year and the highest import rate since August 2023, Reuters reported, citing government data. The November import figure also represented a 5.24% increase on October oil imports, the data showed, driving the overall oil imports for the period between January and November up by 3.2% on the year to 521.87 million tons, an amount equal to a daily rate of 11.45 million barrels. In November, Russian oil shipments declined by 157,000 barrels daily to…