China issues 2024 crude import quotas, 60% more than year earlier – Markets

SINGAPORE: China has released 179.01 million metric tons of crude import quotas for 2024, according to Chinese industry consultancies and trade sources on Tuesday, 60% more than the previous year.

Fourty-one companies, mostly independent refiners, were given the fresh quotas, with some of them allotted full-year allowances, trade sources and consultancy JLC and Longzhong said.

The quota issued…