• 4 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 3 hours Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 3 hours Something wicked this way comes
  • 4 hours A sneak peak into the US election
  • 5 hours America's Frontline Doctors - Safely Start Living Again!
  • 8 hours France Sees 10.6% EV Market Share In September — 4× Growth Year On Year
  • 22 hours covid. stop the carriers and thus stop the virus.
  • 1 day Is the coal industry on the way out?
  • 1 day "COVID Kills Another Oil Rally" by Tom Kool 10/16/2020
  • 2 days GPOR - Gulfport Oil - Why?
  • 9 hours California’s Electric Vehicle Dream Has A Major Problem: No
  • 10 hours Tesla Model 3 Is September's Top Selling Car of All Vehicles in Switzerland
  • 1 day Tucker Carlson responds to CDC after agency critiques commentary about mask-wearing
  • 17 hours Vote Biden for Higher Oil Prices
  • 18 hours Permian in for Prosperous and Bright Future
  • 23 hours Ethanol present in gasoline
Has The Gold Rally Run Out Of Steam?

Has The Gold Rally Run Out Of Steam?

Gold has had a tremendous…

OPEC+ Is On The Brink Of A Crisis

OPEC+ Is On The Brink Of A Crisis

OPEC+ members are on the…

China's Crude Imports From Saudi Arabia Smash Record In June

China’s crude imports from Saudi Arabia surged to 7.72 million mt, or about 1.89 million barrels per day (bpd) in June, shattering the record of 7.33 million mt hit in March, according to Chinese customs data.

Arrivals from Saudi Arabia jumped around 64% last month from 4.7 million mt (1.19 million bpd) in May, data from the General Administration of Customs (GAC) showed.

Such a surge was partly attributable to the startups of two private refiners - Hengli Petrochemical and Zhejiang Petrochemical - which significantly boosted crude processing capacity in the country, market sources said. Both of them have crude supply agreements with Saudi Aramco, according to the sources.

By contrast, China’s Iranian crude imports sank near 60% from the same period of last year to 855,638 mt or 209,060 bpd in June as US sanctions bit.

China imported 39.58 million mt of crude in June, or 9.631 million bpd, up 15.2% year on year, but down 1.64% from May, according to GAC.

Chinese refineries’ crude throughput rose by 7.7% to around 13.07 million bpd in June, smashing the record of 12.68 million bpd in April, according to data released by the National Bureau of Statistics.

By JLC International

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News