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Chinese Crude Imports 12.67mn bpd June: Customs Data

OIL

Chinese crude imports totalled 52.06 million metric tons, or 12.67 million bpd in June according to data from the General Administration of Customs.

  • They were up 4.58% from May's 12.11 million bpd.
  • Vortexa estimated onshore crude inventories at 980 million barrels at the end of June, just 20 million barrels below an all-time record in August 2020.
  • Refined fuel exports rose 40.6% to 4.51 million metric tons from 3.21 million in June last year, but down from the previous month's 4.89 million metric tons.

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