Middle East Economic Survey


No 24


Chinas Crude Oil Imports Rebounded By 13.8% In May

Chinas crude oil imports were raised to 16.2mn tons (3.83mn b/d) in May, according to preliminary data released by the General Administration of Customs on 11 June. This represented a 13.8% recovery from the 14.24mn tons (3.48mn b/d) imported in April (MEES, 19 May), and a 24.9% increase over the 12.97mn tons (3.07mn b/d) imported in May 2007. The April decline in imports was viewed as an...