China June Crude Oil Imports Fall 11% on Year, H1 Imports Down 2.3%

CHINA - SINGAPORE. China's crude oil imports in June were down 11% from a high base a year earlier, official customs data showed on Friday, as independent refiners continued to curb production due to weak profit margins and as fuel demand remained tepid.

June arrivals into the world's largest crude oil buyer were 46.45 million metric tons, or about 11.3 million barrels a day (bpd), data from the General Administration of Customs showed.