China’s July Oil Imports Jump 17% Year-Over-Year ...Middle East

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China’s July Oil Imports Jump 17% Year-Over-Year
China imported an average of 10.29 million barrels per day of crude oil in July, a significant decrease from June but still 17% higher year-over-year, according to Reuters. This compared with a daily average of 8.79 million bpd in July 2022, the report noted, citing figures from the Chinese customs administration. Still, the July oil import figure was a decline on a monthly basis, after refiners imported a record 12.67 million barrels daily in June. The figure was a 45.3% increase on the year and came despite lukewarm demand in the country as refiners…

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