China’s crude oil imports fell from a record high in July, snapping a three-month rally, as sluggish domestic fuel demand due to flooding capped refinery feedstock requirements. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude imports fell 6.7% to 12.13 million b/d in July from a record high 12.99 million b/d in June, preliminary General Administration of Customs data released Aug. 7 showed. However, the import volume remained above 12 million b/d for the second time on record, as Chinese buyers who rushed into the market to secure cheap crudes in March/April received their deliveries in the month due to ongoing port congestion. The country’s crude imports grew sharply from 9.72 million b/d in March amid […]