China October crude oil output drops to lowest since May 2009

China October crude oil output drops to lowest since May 2009

November 15, 2016
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By hellenicshippingnews China’s daily crude oil production in October fell to the lowest in more than seven years, statistics bureau data showed on Monday, as producers remain reluctant to drill new wells amid tepid oil prices and as output drops from aging wells. Oil output last month in China, the world’s second-largest crude consumer, dropped 11.3 percent … Read full story ›

Source:: Hellenic shipping news Oil