China’s August Oil Imports Surge To The Third-Highest Level Ever ...Middle East

China imported in August the third-highest monthly crude oil volumes ever as crude arrivals surged by 20.9% compared to July and by 30.9% versus August last year, according to Chinese customs data. Chinese crude imports hit 12.43 million barrels per day (bpd) last month, the third-highest ever daily rate of arrivals in a month, per Reuters estimates on data from the General Administration of Customs. Crude imports soared as refiners continued to build stockpiles and raise refinery runs in order to capture higher margins exporting fuels. China’s…

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