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China Crude Imports Rise to Record High as Storage Expanded

  • September shipments increase to 8.08 million barrels a day
  • Zhoushan emergency reserve got two cargoes last month: ICIS
Updated on

China’s crude imports rose to a record as a new strategic reserve site became operational and refineries prepare to process more oil. Net oil product exports also rose near a record.

The world’s biggest energy user imported 33.06 million metric tons of crude in September, according to data released by the General Administration of Customs on Thursday. That’s about 8.08 million barrels a day. China’s net fuel exports were at 2.37 million tons last month, near the record 2.49 million in July.