China Oil Imports Rise as More Russian Supply Reaches Shore
- Crude imports at 3-month high on more Russian seaborne volume
- Net fuel exports at highest since June on weak home demand
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China imported more crude in April, likely on the back of increased tanker supply from Russia.
The nation received 43.03 million tons of crude last month, or 10.51 million barrels a day, according to Bloomberg calculations based on data from the General Administration of Customs. That’s up 4% from March and the most since January.