Tag Archives: Channelnewsasia

China’s July Crude Imports Drop to Lowest since January

China’s crude oil imports in July fell 18.8 per cent from the previous month to the lowest daily rate since January, customs data showed on Tuesday, as major exporters cut back overseas shipments and domestic stocks continued to build. Crude shipments into the world’s biggest oil importer in July totalled …

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Oil Slips as US Ratings Downgrade Offsets Supply Concerns

Oil slid further on Thursday after dropping sharply from more than three-month highs in the previous session as a U.S. government credit downgrade weighed on sentiment, while concerns around supply tightness provided support. Ratings agency Fitch on Wednesday downgraded the main U.S. credit rating, reflecting an expected fiscal deterioration as …

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