┬áChina’s crude oil stockpiles will likely extend the uptrend to hit a new record high in June as refinery feedstock imports outpace the rise in throughput levels, while storage availability encourages refiners to actively procure barrels to take advantage of low crude prices. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The slide in crude prices and recovery in economic activity late March had encouraged Chinese buyers to pile their shopping carts with all kinds of cheap crude, which were scheduled for delivery from late May through June. As a result, trade flow and inventory tracker Kpler forecast on June 22 that China’s seaborne crude arrivals will hit 14.16 million b/d in June, a new […]