China Imports More Crude As Shipments From Russia Rise ...Middle East

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China Imports More Crude As Shipments From Russia Rise
source : OILPRICE ( Middle East ) () 20
China registered in April its first annual increase in crude oil imports since January as shipments rebounded on the back of higher arrivals from Russia, analysts say. Last month, China, the world’s top crude importer, imported 10.51 million barrels per day (bpd) of oil, per data from the Chinese General Administration of Customs calculated by Bloomberg. This was up by 6.6 percent compared to April of last year, and up by 4 percent from March 2022, according to estimates from Bloomberg and Reuters. The higher Chinese imports in April—when…

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