July 13th, according to foreign media reports, customs data showed that China’s crude oil imports in June increased by 45.3% year-on-year, reaching the second highest monthly figure on record. In stock.
According to data from the General Administration of Customs, China imported 52.062 million tons of crude oil in June, or 12.67 million barrels per day. Compared with the daily import volume of 8.72 million barrels in June last year, this is a substantial increase. China’s crude oil imports from January to June were 282.076 million tons, an increase of 11.7% from 252.52 million tons in the same period last year.
Commodity consultancy Vortexa estimated that onshore crude inventories stood at 980 million barrels at the end of June, just 20 million barrels below the all-time high set in August 2020.