China increases oil import

Taking advantage of the decline in prices, China increased oil import by 4.5% in March 2020, Report informs, citing Interfax.

Last month China imported 41.1 million tonnes of oil or 9.68 million b/d, down from 10.47 million b/d imported in the first two months. Totally, in the first quarter, oil imports rose 5% to 127.19 million tonnes or 10.2 million b/d.