China's oil imports surge 25% as it cashes in on price collapse

Imports rise but exports of refined products shrink to lowest level since 2017, while gas imports also slump

Surge in imports: China took advantage of the collapse in oil prices to buy up large volumes — Surge in imports: China took advantage of the collapse in oil prices to buy up large volumesPhoto: AFP/SCANPIX

Reuters

China production LNG Asia & Oceania East Asia

Published 7 August 2020, 05:31Updated 7 August 2020, 05:31