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China’s crude oil imports fall to five-month low in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/07/2016 (13:40)
According to data revealed by China’s Customs Administration, the country’s trading activities remained weak amidst weak external demand and global uncertainties arising from the UK’s vote to leave the European Union.

Recent figures show that China’s record crude imports slowed in June to 30.62 million tons, around 7.48 barrels of oil per day (bpd), according to data released by the General Administration of Customs. That was the slowest pace since January. The decrease was attributed to an increase in refinery maintenance during the May-June period while China’s interest in oil imports is expected to remain strong in line with an increasing number of independent plants that will receive import quotas.
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