China Boosts Crude Imports to Record on New Plant, Stockpiling
This article is for subscribers only.
China, which uses more oil than any country except the U.S., raised daily crude imports to a record in April as a new refinery and stockpiling bolstered demand.
Overseas purchases increased to 27.88 million metric tons, according to data released today by the General Administration of Customs in Beijing. That’s about 6.81 million barrels a day, up from the previous record of 6.66 million in January.