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China’s Crude Imports Rise By 1.17M b/d Y-o-Y

Oil

China’s crude oil imports in May surged by 1.17M b/d y-o-y and rose 393K b/d m-o-m to 8.8M b/d, the highest since March’s record high, according to data from the country’s General Administration of Customs. In the year-to-date, China’s crude imports have averaged 8.56M b/d, up by 1.03M b/d compared to the same period in 2016.