China out with their latest oil import data 23 June

  • Jan-May Russia 1.16mln bpd, Angola 1.11mln bpd, Saudi Arabia 1.1mln bpd

May imports:

  • Russia at all time high of 1.35mln bpd, +9.4% yy
  • Angola +79.5% yy at 1.31mln bpd
  • Saudi Arabia +8.6% yy at 1.04mln bpd
  • Iran + 10.1% at 682k bpd
  • Iraq - 36% yy at 514k bpd

No turn down in China's oil imports overall and that will please the regional bulls at least.

Meanwhile USDJPY holding 111.20 again and AUDUSD rallies to 0.7563 from 0.7540 as European desks get underway.