China’s Recovery in Crude Oil Imports is More Bearish Than Bullish

By Clyde Russell LAUNCESTON, Australia, May 12 (Reuters) – China’s imports of crude oil edged into positive territory for the first months of the year, but rather than a sign of improving fuel demand, the recovery is more about rising inventories. The world’s biggest crude importer recorded arrivals of 11.69 million barrels per day (bpd) … Read more