July 12, 2019 / 7:33 AM / 2 months ago

China's June crude oil imports rise on-month, but below peak -Rtrs calculations

SINGAPORE/BEIJING, July 12 (Reuters) - China’s crude oil imports rose in June from May on a daily basis but remained off April’s peak, according to Reuters calculations based on customs data issued on Friday.

That came as many refineries curbed output or conducted maintenance in the face of weaker profit-margins.

June imports by the world’s largest crude oil buyer came in at 39.88 million tonnes, according to Reuters calculations based on data from the General Administration of Customs data.

That works out as 9.7 million barrels per day (bpd), compared to 9.47 million bpd in May and a record of 10.64 million bpd in April.

(1tonne=7.3 barrels for crude oil conversion)

Reporting by Chen Aizhu in Singapore and Muyu Xu in Beijing; Editing by Joseph Radford

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