China is back buying oil (October imports now "only" down 1.8MM Bbl/d YOY) while Middle Eastern production remains down

China is back buying oil (October imports now "only" down 1.8MM Bbl/d YOY) while Middle Eastern production remains down | Hanami

China is back buying oil (October imports now "only" down 1.8MM Bbl/d YOY) while Middle Eastern production remains down ~4MM Bbl/d vs. pre-war levels. 234 days into the "2 week incursion" and we've forfeited over 2BN barrels of production. Restocking to take years...