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2015-05-26 18:40:00

CHINA OIL IMPORTS UP

CHINA OIL IMPORTS UP

China's April imports of crude oil from Middle East suppliers rose 10% year on year to a record high of 16.61 million mt or 4.06 million b/d, led by Saudi Arabian supply, according to detailed data released Saturday by the General Administration of Customs.

The country's monthly crude imports from the Middle East were last higher in April 2014 at 3.69 million b/d.

Crude imports from OPEC producers also hit a record high in April of 4.54 million b/d, up 8% year on year.

China's overall April crude imports rose 8.6% year on year to 7.4 million b/d, preliminary customs data showed earlier this month.

It was the first time for China to surpass the US as the world's biggest importer of crude oil.

Russia moved up to China's second-largest supplier in April, with deliveries up 26.4% year on year to 770,447 b/d.

Iran rose to third place with 710,341 b/d, but the volume was down 11.6% from April 2014, when the inflow was at a record high of 803,152 b/d.

oilandgaseurasia.com

Tags: CHINA, OIL

Chronicle:

CHINA OIL IMPORTS UP
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DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

CHINA OIL IMPORTS UP
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

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CHINA OIL IMPORTS UP
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

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CHINA OIL IMPORTS UP
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U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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