Will Asia Sustain The August Rebound in Crude Oil Imports?

Crude oil arrivals in the world’s top-importing region, Asia, appear to have rebounded in August from a two-year low in July. China, the world’s largest crude importer, is estimated to have boosted August imports by more than 1 million barrels per day (bpd) from July, while the other big importers in Asia – India, South Korea, and Japan – also saw imports rising from the low levels in July, according to data from LSEG Oil Research cited by Reuters columnist Clyde Russell. The rebound in Asia’s imports could be attributed…