China’s April oil imports slide on higher crude prices

  • Date: 06-May-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
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China’s April oil imports slide on higher crude prices

Estimates from OilX show China’s crude oil imports fell 11% month-on-month to 10.41 million barrels per day (b/d) in April. This would imply a year-on-year increase of 5.37%, or 0.53 million b/d, the latest data from the analytics firm showed.

The reduction in crude deliveries to the world’s biggest oil importer comes after prices recovered and hovered around $70 per barrel in March and as refinery maintenance season started, reported OilX.

“April imports have moderated significantly and flows underway point to a reduction for next month,” OilX said in its latest report.