Brent oil's new figures show that exports rose 2.4% and imports by 2.2%, caused in part by a year-on-year increase in Chinese crude imports. Though crude oil imports fell in China by 13.4% in July compared to August, they rose 5.6% YoY. Commerzbank analyst, Carsten Fitsch, believes that, "people are looking beyond the sharp (monthly) drop in Chinese import data and looking at the stronger details contained within it". For 2H2015, China's imports were up 9.8% YoY, due to a solid demand for kerosene and gasoline.
Brent oil's new figures show that exports rose 2.4% and imports by 2.2%, caused in part by a year-on-year increase in Chinese crude imports. Though crude oil imports fell in China by 13.4% in August compared to July, they rose 5.6% YoY. Commerzbank analyst, Carsten Fitsch, believes that, "people are looking beyond the sharp (monthly) drop in Chinese import data and looking at the stronger details contained within it". For 2H2015, China's imports were up 9.8% YoY, due to a solid demand for kerosene and gasoline.