China’s crude oil imports in April hit a record high of 10.68 million b/d, rebounding from 9.3 million b/d in March, preliminary data from the General Administration of Customs showed Wednesday. On a barrels per day basis, the volume represented a 14.9% month-on-month jump, and rose 10.8% from April 2018. The previous record high was 10.48 million b/d in November 2018 and the country’s crude imports were hovering above 10 million b/d for four months until March, when the volume fell to 9.3 million b/d. GAC releases data in metric tons, which S&P Global Platts converts to barrels using a 7.33 conversion factor. The country’s crude imports in April totaled 43.73 million mt compared with 39.34 million mt in March, the preliminary GAC data showed. This brought China’s crude oil imports in the first four […]