China’s Crude Oil Imports Slow Last Month

摘要

Chinese import data out Thursday suggestdemand in the world’s biggest oil consumerafter the US is slowing.Figures from the General Administrationof Customs show China imported 20.45 mil-lion tons, or 4.997 million barrels per day, ofcrude oil in September — more than 21%down on year-earlier levels. The drop is part-ly because the base for comparison was veryhigh — crude oil imports in September2010 touched a record high of 5.69 millionb/d — but also suggests Chinese oil demandgrowth is slowing in line with economicgrowth (IOD Oct.14’10).