China's crude imports fall 1M b/d m-o-m

Oil

China's crude oil imports in August dropped by 974K b/d m-o-m to average a three-month low of 6.3M b/d, according to the country's General Administration of Customs. However, this still represents an increase of 331K b/d from the same month last year. Over the first eight months of 2015, China's crude imports have averaged 6.7M b/d up 600K b/d y-o-y.