China Seems to Have Utilized Its Crude Oil Stockpile during the Month of July
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China likely relied on its crude oil reserves in July due to inflated import data. Sinopec, state-run oil and gas enterprise, along with other Chinese firms may have used around 37.5 million barrels. The strain is due to record amounts of refinery output that outpaced oil imports. #CrudeOil #ChinaEconomy #EnergyReserves 🛢️🌏⚡ Español: Es probable que China dependiera de sus reservas de petróleo crudo en julio debido a los datos de importación inflados. Sinopec, la empresa estatal de petróleo y gas, junto con otras empresas chinas pueden haber utilizado alrededor de 37,5 millones de barriles. La tensión se debe a cantidades récord de producción de refinería que superaron las importaciones de petróleo. #PetróleoCrudo #EconomíaChina #ReservasEnergéticas 🛢️🌏⚡
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China likely relied on its crude oil reserves in July due to inflated import data. Sinopec, state-run oil and gas enterprise, along with other Chinese firms may have used around 37.5 million barrels. The strain is due to record amounts of refinery output that outpaced oil imports. #CrudeOil #ChinaEconomy #EnergyReserves 🛢️🌏⚡ Español: Es probable que China dependiera de sus reservas de petróleo crudo en julio debido a los datos de importación inflados. Sinopec, la empresa estatal de petróleo y gas, junto con otras empresas chinas pueden haber utilizado alrededor de 37,5 millones de barriles. La tensión se debe a cantidades récord de producción de refinería que superaron las importaciones de petróleo. #PetróleoCrudo #EconomíaChina #ReservasEnergéticas 🛢️🌏⚡
