China's crude oil imports slipped 8% in May from an all-time peak hit the m...
SINGAPORE/BEIJING - China’s crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data showed, as the world’s top importer of the commodity curbed shipments from Iran amid tightening U.S. sanctions on that country.
That equates to 9.47 million barrels per day , down 11 percent from April, which has one more day, Reuters calculations showed, pressured by lower imports from Iran and as several major state refineries were shut for regular overhauls. China has instead been stepping up purchases from other Middle East suppliers such as Saudi Arabia, Iraq and the United Arab Emirates, as well as from Brazil.
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