© Reuters. China increases its crude oil production in September
Arabictrader.com – Data from the Statistics Office in China revealed today, Monday, that the country’s production rose slightly during last September, as data showed that China’s production of crude oil rose by 2.4% on an annual basis in September to reach 16.1 million tons, while production increased. China rose 7.6% year on year over the same period.
During the first 9 months of this year, China’s production of crude oil increased by 1.7% on an annual basis, to record 146.25 million tons.
USOIL futures contracts were around $ 40 a barrel before OPEC + meeting today to assess the market situation, with demand rates coming under pressure again due to the second wave of the emerging corona virus.
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