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Uncertainty over oil prices is hurting Chinese oil production
Daily oil production in China – the world’s second-largest crude consumer after the United States – fell to a seven-year low in October, according to data from the country’s statistics bureau. Chinese oil production is falling as the country’s national oil producers remain cautious about raising production in the face of oil price uncertainties.

China’s oil output dropped 11.3% from the same time a year ago to 16.1 million tons, according to the National Bureau of Statistics. The...


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