China’s Daily Crude Oil Imports Fall From Record on Maintenance
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China’s daily crude oil imports fell in May after reaching a record high the previous month, as refining capacity dropped the most this year due to maintenance.
Net overseas purchases were 26.08 million metric tons, according to data released by the General Administration of Customs in Beijing today. That’s about 6.17 million barrels a day, declining from a record 6.81 million in April.