China’s Crude Oil Imports Climbed by 5.5% Year-on-Year in April

Chinese imports of crude oil rose by 5.45% in April compared to the same month last year as refiners stocked up on crude to prepare for the five-day local Labor Day weekend that began on May 1, China’s official statistics showed on Thursday.    Last month, Chinese refiners imported 10.88 million barrels per day (bpd) of crude oil, up compared to 10.4 million bpd imported for the same month of 2023, per data from the General Administration of Customs cited by Reuters. However, Chinese crude imports in April this year slumped…