Biz News Flash

China buys, sells less oil in April

(Xinhua)
Updated: 2011-05-13 16:12

China bought 21.54 million tons of crude oil from abroad in April, a decrease of 130,000 tons or 0.6 percent from the previous month, according to the General Administration of Customs.

The imports were valued at $17.19 billion. Average price went up 8.94 percent month on month to$798 per ton.

Oil product arrivals stood at 3.22 million tons last month, down 660,000 tons, or 17.1 percent month on month.

April also saw the country sell 290,000 tons of crude oil abroad, down 14.7 percent month on month, and 2.05 million tons of oil products, down 530,000 tons, or 20.5 percent.