China's crude oil imports ease in April from record level - RTRS

The latest data from China's General Administration of Customs showed that China's crude oil imports eased in April from a record high set the previous month, as refiners processed less oil during a heavy maintenance season, as Reuters reports.

Key Highlights:

China brought in 34.39 million tonnes of crude oil last month, or about 8.37 million barrels per day (bpd), down nearly 9% from March's 9.17 million bpd

April's level was still up 5.5 percent from a year ago

In the first four months of the year, China imported 139.12 million tonnes of crude, up 12.5% from the same period a year ago

April imports of oil products fell 7.8% to 2.49 million tonnes while exports of oil products fell 25.1% to 3.50 million tonnes.