Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers, China and India, continued to take large volumes of discounted Russian oil. A total of 27.92 million barrels per day (bpd) arrived in Asia in July, according to data compiled by Refinitiv Oil Research, eclipsing May’s previous record high of 27.35 million bpd and higher than June’s 27.53 million bpd.
Asia crude imports hit high as China, India gorge on Russian oil
Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers, China and India, continued to take large volumes of discounted Russian oil. A total of 27.92 million barrels per day (bpd) arrived in Asia in July, according to data compiled by Refinitiv Oil Research, eclipsing May’s previous record high of 27.35 million bpd and higher than June’s 27.53 million bpd.