SUPPLY DEMAND
China’s Crude Oil Imports Reduced In April
China’s crude oil imports amounted to 22.26mn tons during April 2012, an average of 5.41mn b/d, according to data released by the country’s General Administration of Customs. Imports declined for the month from 23.55mn tons (5.55mn b/d) in March. Saudi Arabia was the largest crude oil supplier to China during April at 4.38mn tons (1.066mn b/d), followed by Angola, Russia and Iran....
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