China Ramps Up US Crude Oil Imports As Elections Near – Analysis

By Irina Slav*

China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.

This month alone, China could import...