Chinese crude oil imports from Russia hit record highs in April - China customs

China customs published their latest oil price report, revealing that the Chinese crude imports from Russia hit record highs on daily basis in April.

Key Findings:

+52.4% yy at 1.18m bpd vs prev record 1.13m bpd in Dec

April crude oil imports from Iran down 5.13% yy at 671,176bpd

Imports from Saudi Arabia down 21.8% yy at 1.0m bpd