China’s crude oil imports in August recovered to 25.19 million mt or an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, September 8, by the country’s General Administration of Customs. The volume was 6% higher than the July volume of 5.62 million b/d, which had been the first year-on-year contraction in crude imports since October 2013. China resumed crude exports last month after a five-month hiatus since March, shipping out 110,000 mt, although this was a 47.6% slide from August 2013. This brought the country’s net crude imports in August to 25.08 million mt, or 5.93 million b/d, up 18.2% year on year. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures […]