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China set to overtake US as world's biggest oil importer this year

Export-oriented refiners in Singapore, South Korea and Taiwan will be most affected by the competition


CHINA is on pace to overtake the United States as the world's biggest oil importer this year, cementing its status as Asia's most pivotal oil market actor that will increasingly dominate the region's fuel trade.

For the first time, China imported more crude oil in the first...

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