The reported rebound follows June volumes near a decade low of about 6.2 million barrels per day, pointing to a sharp month-on-month recovery in crude buying.
China's crude imports reportedly rose about 26% month on month in July to roughly 7.8 million barrels per day, rebounding from June's near-decade low of about 6.2 million barrels per day. The move suggests a sharp recovery in import flows after an unusually weak June reading, with the month-on-month comparison highlighting a significant turnaround in the world's largest crude importing market.