CHINA DATA: New crude quotas to aid independent refiners’ feedstock appetite in Q4

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Feedstock imports by China’s independent refiners are set to rebound in Q4 following Beijing’s move to hand out 2023 crude import quotas much in advance, bucking the negative trend seen in September when imports dropped close to 6% from a month earlier amid ongoing tax investigations. Data collected by S&P Global Commodity Insights showed that inflows in September was 5.9%…