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Chinese Crude Imports Rise Marginally in August

OIL

China’s seaborne crude imports in August (days representing 1-18) have breached the 8mbd mark, up marginally from the 7.9mbd average seen in the past two months but remains 10% below last year’s volumes according to Vortexa.

  • Seaborne imports of Middle Eastern crudes have extended gains for a third consecutive month over 1-18 Aug, with volumes from Saudi Arabia rising over 10% month-on-month to 1.8mbd, exceeding the 1.3mbd from Russia.

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