BIMCO: US Crude Oil Exports to China Dropped to Zero in August

October 9, 2018


Even though crude oil was left out from the recent wave of tit-for-tat tariffs between the duo, the country’s seaborne exports of crude oil to China dropped to zero in August.

In 2017, Chinese imports accounted to 23% of total US crude oil exports. In 2018, that number was 22% during the first seven months.

“Chinese buyers, led by the world’s top tanker charterer Unipec, were rumoured to have stayed away – and new data proves it,” BIMCO said.

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