China's Oil Imports Fall 20 Percent in April Compared to Previous Year

China's oil imports dropped by 20 percent in April compared to the same month last year, according to data from the country's customs office. The customs data does not distinguish between oil arriving by sea and oil transported through pipelines. The decline represents a significant year-on-year reduction in China's oil consumption, which could signal changes in the world's second-largest economy's energy demand patterns.