China's crude oil imports rose by 5.5% in April compared to the same month in 2023 as refiners stocked up on crude ahead of the Labor Day weekend.
Chinese imports of crude oil rose by 5.45% in April compared to the same month last year as refiners stocked up on crude to prepare for the five-day local Labor Day weekend that began on May 1, China ’s official statistics showed on Thursday. Last month, Chinese refiners imported 10.88 million barrels per day bpd of crude oil , up compared to 10.4 million bpd imported for the same month of 2023, per data from the General Administration of Customs cited by Reuters.
In fact, much of the increase in Chinese crude oil imports in the first quarter of 2024 was due to cheap abundant flows of Russian crude, which – hampered en route to India by the U.S. sanctions – has found a home in the world’s top crude oil importer, analysts say. But in April, imports fell compared to March amid rising oil prices at the time cargoes were contracted.
Crude Oil Imports Refiners Demand Exports Quotas
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China's Crude Oil Imports Dropped by 6% Year-Over-Year in MarchChinese imports of crude oil fell by 6% in March compared to the same month a year earlier but were higher than in January and February of this year.
Weiterlesen »
China Raises Gasoline and Diesel Prices amid Soaring Crude Oil PricesChina is raising from Wednesday the retail prices of gasoline and diesel to reflect the recent increase in international crude oil prices
Weiterlesen »
China's Crude Oil Imports Hit A Record High in 2023China's crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world's top crude oil importer took advantage of the price crash to gorge on cheap crude
Weiterlesen »
Fears that banned Russian oil could make its way into ScotlandGrangemouth oil refinery's part owners PetroChina began trading Russian crude last year.
Weiterlesen »
Fears that banned Russian oil could make its way into ScotlandGrangemouth oil refinery's part owners PetroChina began trading Russian crude last year.
Weiterlesen »
Weekly tarot horoscope reading for April 15 to April 21, 2024Get ready for a new week.
Weiterlesen »