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Chinese Crude Influx in June Helps to Build Stockpiles


China’s seaborne crude imports came in at 11.4mbd in June, up more than 40% year-on-year and just shy of the unusually high imports in June 2020 according to Vortexa.

  • The country’s onshore crude inventories stood at 980mb at the end of June, only 20mb below the all-time high recorded in August 2020.
  • It translates to an average stockpile increase of 1mbd in May and June.

source: Vortexa

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