China Oil Imports Rise as Teapot Refinery Demand Overwhelms PortBloomberg News
Inbound shipments in April gain 3.2% m/m to 7.96 million b/d
Qingdao port congested as independent refiners boost purchases
Oil imports by China, the world’s biggest consumer after the U.S., rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed one of its biggest ports with tanker traffic.
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