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China’s crude oil imports hit record high in April

China’s crude oil imports hit a record high in April despite refinery maintenance outages and tepid domestic fuel demand, as state-run refiners built up stocks of Iranian crude oil anticipating a sanctions clampdown.

China, the world’s biggest oil importer, took in  43.73 million tonnes crude oil last month, equal to 10.68 million barrels per day, according to Bloomberg calculation based on data from the Chinese General Administration of Customs.

That’s up from 9.26 . . .

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