China's crude oil imports up 6.2% in August to 37.9 million tons
CommodityMacro
China's crude oil imports in August rose 6.2% from the previous month to 37.9 million tons, as refineries accelerated efforts to secure alternative supplies and increased imports from Russia to avoid risks in the Strait of Hormuz. Although import volumes were still 23% lower than the same period last year, fuel exports rebounded 29%, helping to ease tensions in the global energy market. Meanwhile, natural gas imports declined due to soaring prices, while coal imports remained high due to the impact of the mining disaster in Shanxi province.
