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Opinion: Weak Crude Imports in Asia Undercuts Oil Bulls

Aug 05, 2021

Another month, another weak outcome for crude oil in Asia, the world's top-consuming region, with July's imports declining for a fourth month in five as demand weakened amid high prices and the ongoing coronavirus pandemic.Asia's imports for July were assessed at 21.77 million barrels per day (bpd) by Refinitiv Oil Research, a 10-month low and down from June's 23.08 million bpd.The weakness was led by China…

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