Latest oil price report from China's customs office 23 May 2016
- +52.4% yy at 1.18m bpd vs prev record 1.13m bpd in Dec
- April crude oil imports from Iran down 5.13% yy at 671,176bpd
- imports from Saudi Arabia down 21.8% yy at 1.0m bpd
China and Russia with a good thing going on it would appear.
Meanwhile Brent crude and WTI $48.16 and $47.78 both near session lows after another retreat. USDCAD 1.3112