"Saudi, however, delivered bigger oil cuts from June and raised crude prices as a plunge in oil prices weighed on the kingdom’s budget.
China, the world’s biggest crude oil importer, took in a record 53.18 million tonnes last month, according to customs data.
China also boosted inflows from Brazil, Norway and Angola, said Emma Li, analyst from Refinitiv.
Brazil, whose massive offshore projects are coming online, offered Asian refiners competitive deals on relatively high-quality oil just as China and other Asian countries contained the coronavirus and reopened their economies.
Analysts expect China to see another record amount of crude imports in July as some May-loading cargoes are still underway while swelling oil inventory at major Chinese ports slows new arrivals."
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