By 21% … China’s imports of crude oil rise in March

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By 21% ... China's imports of crude oil rise in March

An oil field in China

China’s imports of crude oil rose 21% in March, from a low comparison basis for the same period a year ago.

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China's trade surplus with the United States drops to about $ 21 billion

Data from the General Administration of Customs revealed that the world’s largest buyer of crude oil imported 49.66 million tons last month, which is equivalent to 11.69 million barrels per day, while last March’s imports came down from 11.73 million barrels per day in the previous month.

While total imports amounted to 139.23 million tons in the first quarter of the year, equivalent to 11.29 million barrels per day, while this came compared to 10.2 million barrels per day in the same period a year ago.

The refiners had intensified activity amidst strong demand for fuel after the Corona pandemic, but purchases slowed ahead of a season for maintenance work, according to “Reuters”.

Source: “Reuters”





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