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China’s crude imports will rise further from a record this year to feed its expanding refining sector and strategic reserves, according to Standard Chartered Bank. The nation’s average crude imports will rise by as much as 600,000 barrels per day this year, analysts including Priya N. Balchandani said in a March 24th report. Imports last month surged above 8 million barrels per day for the first time and exceeded volumes shipped to the U.S., the world’s top oil user, according to the bank. Standard Chartered expects China’s crude imports will top 10 million barrels per day by late 2018 or early 2019.

SOURCE: worldoil.com
World Oil
LINK TO THE SOURCE ARTICLE:
China Seen Sustaining Strong Crude Imports

 

ChinaSeen_web11

 

 

LINK TO THE SOURCE ARTICLE:
China Seen Sustaining Strong Crude Imports

 

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