According to statistics released by the Chinese Customs Department, China’s crude oil imports in August increased by 6.5% from July, driven by the rebound in demand from small independent refiners, reaching its highest level since May.
According to statistics released by the General Administration of Customs of China, China imported 38.38 million tons of crude oil in August, importing an average of 9.04 million barrels of crude oil per day.
China’s August crude oil imports in August were 8 million barrels higher than the same period a year ago and 8.48 million barrels higher than in July, but slightly lower than the 9.12 million barrels predicted by Thomson Reuters Petroleum Research.
Statistics also show that China imported a total of 299 million tons of crude oil in the first eight months of this year, an increase of 6.5%.
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