China’s overall onshore crude inventories reduce over the past two weeks according to Ursa Space Systems.

• Stocks were at 891mbbls in the week to Oct 27, compared with 896mbbls in the week to Oct 13, 921m bbls in the same period of 2021 and 1,040mbbls in 2020.
• Refinery runs could increase during Q4 due to the new Chinese refined product export quotas of 13.25m tons announced last month. Last week OilChem reported an increase in planned China oil product exports with October triple September volumes.