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2019-06-26 14:00:00

U.S. OIL TO CHINA UP

U.S. OIL TO CHINA UP

BLOOMBERG - Oil-hungry refiners across China ramped up purchases of U.S. crude in May amid an erosion of supplies from sanctions-hit Iran and Venezuela, even as trade tensions rage on between Beijing and Washington.

China imported 786,638 metric tons of U.S. crude oil in May, the equivalent of 186,000 barrels a day, the most since September, data released by the General Administration of Customs show. Shipments in May from Iran fell two-thirds from the month before to the lowest level since October 2018, while receipts of Venezuela crude more…

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U.S. OIL TO CHINA UP
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Tags: USA, CHINA, OIL
Chronicle:
U.S. OIL TO CHINA UP
2019, December, 13, 10:42:00
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