China’s end July crude stocks dip 1.6%

摘要

Hong Kong—China’s commercial crude oil inventories at the end of July dipped 1.6% compared with a month earlier, while oil product stocks fell 5% month on month, according to China Petroleum Stockpile Statistics compiled by state-owned news agency Xinhua and released on Thursday. No absolute volumes were provided. This is the second consecutive month that crude stocks—which do not include volumes in China’s strategic petroleum reserves—have fallen and comes even though net crude oil imports soared 20% year on year to a record 6.13 million b/d in July. China’s commercial crude