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China fuel exports hit record in July, crude imports up 1.2pc
Imad Uddin
08 Aug, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/08/brent2-aug.jpg">BEIJING: China's fuel exports rose to a record in July as easing demand growth and a surplus in refined oil products pushed refiners to increase shipments to overseas buyers.</P><P>The refined fuel exports surged 52.3 percent from a year ago to a monthly record 4.57 million tonnes, data from the General Administration of Customs showed on Monday.</P><P>China imported 2.08 million tonnes of oil products in July, down 13 percent from last year, leaving net exports at 2.49 million tonnes, or 562,258 barrels per day (bpd).</P><P>China's exports of fuel products have risen sharply this year, up around 46 percent for the January-July period, reflecting this year's swelling refinery throughput at private oil processors and adding to worries that refining margins might come under persistent pressure.</P><P>)
