CHINA DATA: July crude imports rise 1% from June’s 47-month low to 8.8 mil b/d
China’s crude oil imports remained weak, as expected, in July, edging up a mere 0.9% to 8.83 million b/d from the 47-month low in June amid destocking activity and slow domestic demand recovery, data from the General Administration of Customs showed Aug. 7. The increase in inflows in July was contributed by independent refineries which lifted their crude imports by…