China’s overseas crude inflows rose to a five-month high after private refiners were allocated new import quotas and as cargoes that were delayed by a typhoon were finally delivered.
The nation imported 44.53 million metric tons of crude in August, data released Tuesday by the General Administration of Customs showed. That’s equivalent to 10.53 million barrels a day, according to Bloomberg calculations, the most since March. Daily shipments were 9.75 million barrels in July.
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September 07, 2021 at 12:18PM
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China's Crude Imports Rise to Five-Month High on New Quota - Bloomberg
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