Which Nation Just Became The World’s Top Crude Importer?

The item in question: a new report showing that China just became the world’s top oil importer.According to the Financial Times, Chinese trade data revealed that crude imports jumped 13% in April. Hitting a total of 3.029 million metric tons — or about 222 million barrels.That now puts China’s consumption ahead of the U.S. with Chinese imports running around 7.4 million barrels per day, as compared to about 7.1 million barrels daily for American imports.Related: Oil Markets Have Little To Fear From Iran For NowThe big monthly rise in China’s…

via OilPrice.com Daily News Update http://ift.tt/1Pe0DlH

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