China’s oil imports hit record in March

SHANGHAI


China imports nearly half of the oil it uses. The United States, which imports about 10 million barrels of oil a day, remains by far the biggest consumer.

Japan imported about 4.4 million barrels of oil a day in February, based on data from the country’s Natural Resources and Energy Agency.

China’s oil imports in the first quarter of this year rose 15 per cent from a year earlier, to 45.5 million tons, the customs data showed.

The value of those imports jumped 91 per cent, year-on-year, to $30-billion (U.S.), as the price of crude oil surged, the customs office said.

Globe and Mail