China Boosts Net Oil Imports to a Record in June
This article is for subscribers only.
China, the world’s second-biggest oil consumer, increased net crude-oil imports to a record in June as demand rose and costs fell.
Net purchases climbed to 22.14 million metric tons, or about 5.39 million barrels a day, from 17.65 million tons a month earlier, according to preliminary data released by the General Administration of Customs today. This was more than the previous record of 20.98 million tons in April.