RE:RE:Chinese vehicle salesThanks for posting a 1 year old article with an opinion that turned out to be dead wrong. Through April 2017 Chinese oil imports are up 12% YOY
April’s crude oil imports
China’s crude oil imports hit an all-time high in March. April’s crude oil imports have eased from that level. Total crude oil imports came in at 34.39 million tons—compared to 39 million in March. On a daily basis, ~8.37 MMbpd (million barrels per day) were imported—9% down from March’s imports of 9.17 MMbpd. In April, many Chinese refineries entered their annual maintenance schedule, which caused imports to ease.
China’s imports in April 2017 are 5.5% higher than the same period last year
China’s oil imports for the first four months of 2017 totaled 139.12 million tons—12.5% higher than the same period last year.