No U.S. Crude Oil to China in Aug

No U.S. Crude Oil to China in Aug

According to data of the U.S. international trading, the U.S. crude oil export volume dropped to around 1.75 million barrels/day in August, while the volume was around 2.14 million barrels/day in July. In the meantime, the U.S. crude oil export volume to China dropped to zero. But before that, China was an important buyer of the U.S. crude oil. China’s UNIPEC stopped importing crude oil the U.S. in early August. Because of the trade war between the U.S. and China, China’s refineries do not import crude oil from the U.S. at present.