China’s Crude Imports From The US Rise To Record High
China’s crude oil imports from the US in April rose to a record high of 188K b/d, up by 144K b/d m-o-m and 180K b/d y-o-y, according to data from the country’s General Administration of Customs. The growth in imports from the US came despite China’s total crude imports for April being down by 807K b/d m-o-m to 8.4M b/d. This led to m-o-m declines in imports from the country’s largest crude suppliers, including: the Middle East (-210K b/d to a 9-month low of 3.68M b/d), West Africa (-82K b/d m-o-m), the Caribbean and Latin America (-372K b/d from March’s record high to 1.17M b/d). Russia was another exception, with China’s crude imports from the country increasing by 43K b/d m-o-m to 1.15M b/d, making it the largest supplier out of any individual country for the second-consecutive month.