Oil Tanker Sunset China’s crude imports stood at about 7.35 million barrels a day in July, the slowest import trend since January, Bloomberg reported on Monday, citing figures by the Chinese General Administration of Customs. One of the reasons for the lower imports than in previous months was the slower demand by teapots, the independent refineries, as some have slowed with maintenance and others have filled up, Amy Sun, an analyst with ICIS China, told Bloomberg. Another reason may be a fresh sign that the Chinese economy is slowing down, again. In the first half of 2016, China’s crude oil imports rose 14.2 percent on the year, alongside import increases of other commodities such as iron ore and copper, with their prices remaining low, the customs administration said earlier this year. The latest figures, however, showed that total Chinese imports in July had dropped 12.5 percent in U.S. dollars, […]