Imports of refined oil product in April totaled 2.51 million tons, an increase of 1.6% compared with last year. In April, China imported 32.58 million metric tons of crude oil, equivalent to 7.96 million barrels a day, preliminary data from the General Administration of Customs showed Sunday. Shutterstock photoBy Jenny W. HsuHONG KONG--China's crude imports surpassed 30 million tons for the third straight month in April, underpinned by robust demand by local refineries that began to import foreign crude less than a year ago. Exports of refined products jumped 36% on-year, reaching 3.68 million tons, the data showed. China's crude exports fell 41% on-year in April to 260,000 tons, according to the preliminary data.

Source: Wall Street Journal May 07, 2016 22:26 UTC