Energy and oilUpdated November 4

China is buying more Saudi and Iraqi crude.

Relatively low Gulf crude prices are helping Chinese buyers step up purchases, while strong demand for refined fuels—especially gasoline and diesel—adds to the pull for crude. China has issued new fuel-export quotas, which Vortexa expects to lift crude demand by about 1 million barrels a day in November and December. That is a forecast of added demand, not a measured rise in imports. Separately, Aramco CEO Amin Nasser said China’s October crude imports were about 9.3 million barrels a day, up 1.4 million from September.

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Coverage started November 4