China's crude imports plunged to their lowest level in four years in June, reUecting decisions made months ago when Covid-19 lockdowns and weak reOning margins prompted the country's reOners to buy less crude. China imported just 8.75 million b/d of crude oil in June, the lowest level since July 2018, according to Chinese customs data. June imports fell by 1.06 million b/d from May and were also down by 2.09 million b/d versus June of 2021.
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