China’s Oil Imports Jumped in July From a Year Earlier ...Middle East

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China’s Oil Imports Jumped in July From a Year Earlier
source : OILPRICE ( Middle East ) () 49
Chinese crude oil imports jumped by 11.5% in July from a year earlier as major state refiners boosted processing rates, official data showed on Thursday. Last month, China imported 47.2 million metric tons of crude oil, which is equivalent to 11.12 million barrels per day (bpd), per data from the General Administration of Customs cited by Reuters. The import level was 5.4% lower compared to June, when China’s crude imports surged to 12.14 million bpd to the highest in almost two years. The spike in June imports reflected both restocking after…

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