China Net Crude-Oil Imports at Nine-Month Low on Maintenance
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China’s net imports of crude oil in July fell to the lowest in nine months as refinery maintenance reduced demand in the world’s biggest energy user.
Net imports declined 1 percent from June to 19.23 million metric tons, or 4.55 million barrels a day, according to Bloomberg calculations based on data released today by the Beijing-based General Administration of Customs. Imports were 19.43 million tons and exports at 200,000 tons, the data show.