China’s crude oil imports last month rose by 8.81 percent month-on-month in June to average 10.54 million bpd, energy analytics provider OilX said in its latest monthly report, adding that the number was still lower than last year’s June average, by 2.45 million bpd. What’s perhaps more interesting is that, according to the OilX report, China’s crude oil in storage has been on the decline. Since April, the report said, oil in storage, as calculated through satellite data readings, has fallen from 436 million barrels to 414…
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