Brazil Becomes One Of China’s Top Oil Suppliers

Brazil climbed to number three among China’s crude oil suppliers last month thanks to continued purchases by independent refiners, whose quotas for imported crude oil are running out. Imports of Brazilian crude oil stood at 4.49 million tons in September, according to a Reuters report. This translates into an average daily purchase rate of close to 1.1 million barrels, based on a conversion factor of 7.33 barrels to the ton. This compares with 2.96 million tons, or 723,000 bpd, a year earlier. The January-September total of Brazilian oil…