China has 25% increase in oil imports

China's crude oil imports increased by 25% in July compared to the same period in the previous year. The reason for the increase were the large purchases made in the month of April, while prices plummeted. In addition, some delayed shipments at ports were which also contributed to the increase.

In the last month alone, China has acquired 51.29 million tons of oil, equivalent to 12.08 million barrels per day (bpd), according to data from the General Administration of Customs last Friday (7). Valley remember that the country is the largest importer of crude oil in the world.

In relation to natural gas, however, customs data show that that imports of the channelled product, and also liquefied, were 7.35 million tonnes in July – a 6.9% decrease compared to the previous year.


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