China Crude Imports Fall to 6-Month Low as Teapot Demand Slows

August 8, 2016 4:21 AM

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China’s crude imports fell to the lowest level in six months as demand from independent refineries eased. Net fuel exports surged to a record.

The world’s biggest energy user imported 31.07 million metric tons of crude in July, according to data released by the General Administration of Customs on Monday. That’s about 7.35 million barrels a day, the slowest pace since January. Meanwhile, net fuel exports jumped to 2.49 million tons last mo...

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