China crude imports fall to 6-month low

The latest data from China Customs showed that the Chinese crude imports fell to the lowest level in six months as demand from independent refineries eased. Net fuel exports surged to a record, Bloomberg reports.

China imported 2.08 million tonnes of oil products in July, down 13% from last year. Meanwhile, net fuel exports jumped to 2.49 million tons last month. The refined fuel exports surged 52.3% from a year ago to a monthly record 4.57 million tonnes.