Bloomberg – by Catherine Traywick and Sheela Tobben
China became the biggest buyer of U.S. crude oil in February, surpassing Canada, at a time when OPEC is cutting back output.
China imported 8.08 million barrels of U.S. light crude, nearly quadrupling its January purchases, according to data released by the U.S. Census Bureau Tuesday. That helped boost U.S. exports to a record 31.2 million barrels during the month. Canada, the U.S.’s largest trade partner, imported 6.84 million, down 20 percent from a month earlier. Continue reading “China becomes top importer of US crude”

