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Nordic American Tankers Limited Message Board

hotarizonaguy1 1 post  |  Last Activity: May 8, 2016 6:09 PM Member since: Jul 17, 2003
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  • hotarizonaguy1 by hotarizonaguy1 May 8, 2016 6:09 PM Flag

    CHINA OIL IMPORTS RISE AS TEAPOT REFINERY DEMAND OVERWHELMS PORT
    By Bloomberg News - Sun, 08 May 2016 03:43:39 GMT

    (Bloomberg) -- Oil imports by China, the world’s biggest consumer after the U.S., rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed one of the country’s biggest ports with tanker traffic.

    Inbound shipments during April totaled 32.58 million metric tons, data from the Beijing-based General Administration of Customs showed on Sunday. That’s equivalent to 7.96 million barrels a day, up 3.2 percent from the previous month and near a record 8.04 million in February. Net oil-product exports fell 10 percent from March to 1.17 million tons.
    ...

    Sentiment: Strong Buy

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