SUPPLY DEMAND

 

China’s Crude Imports Fall To 21.7Mn Tons In June

China’s crude oil imports declined by 14.8% in June to 21.72mn tons or 5.28mn b/d from the monthly record of 25.48mn tons set in May, according to data released by the country’s General Administration of Customs. High imports during May reportedly boosted the country’s inventories because refinery demand slipped. China has imported 140.06mn tons during 2012, an average of...