China’s Crude Imports Slow to 4-Month Low as Storage Tanks Fill
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China’s record pace of crude imports is easing as its refiners fill commercial stockpiles and new tanks for holding emergency supplies remain under construction.
Overseas crude purchases totaled 26.81 million metric tons in March, data released on the website of the General Administration of Customs in Beijing showed on Monday. That’s equivalent to 6.34 million barrels a day, down 5.2 percent from February and the slowest pace since November.