China’s Crude Imports Climb as Refiners Emerge From Maintenance
- Daily imports up slightly on-month as refiners restart units
- Monthly volume eases to lowest since December after crackdown
Oil storage tanks on the outskirts of Ningbo, Zhejiang Province, China.
Photographer: Qilai Shen/Bloomberg
This article is for subscribers only.
Chinese refiners stepped up overseas crude purchases slightly last month from May as some processors emerged from seasonal maintenance.
Oil imports totaled 40.135 million tons in June, according to General Administration of Customs figures released on Tuesday. That’s equivalent to 9.81 million barrels a day, 1.3% higher than May, but was lower than April’s 9.86 million barrels a day, according to Bloomberg calculations.