Middle East Economic Survey

VOL. LI

No 30

28-July-2008

OPEC/OIL PRICES

Chinas Crude Oil Imports Declined To 14.57Mn Tons In June

Chinas crude oil imports amounted to 14.57mn tons (3.56mn b/d) in June, a decline of 10% compared with 16.2mn tons (3.83mn b/d) in May (MEES, 16 June). However, the June volume represented an increase in crude imports of 3.2% year-on-year, according to data released by the General Administration of Customs on 22 July. Although Chinese products demand increased by 7% from...