China tops the largest importers of oil in the world

China submitted to the United States as the largest importer of crude oil in the world in April, and for the first time, is expected to remain strong Purchases China despite a slowing economy, which will have a far-reaching impact on the global oil and commodity markets.

According to "Reuters" came the increase in imports surprise in light of slowing growth largest economy in the world's second, which led to expectations of low demand, but low oil and reduce China prices of interest rates more than once, most recently at the weekend in an effort to stimulate growth factors that boosted demand .

And recorded China's imports of crude oil at a record about 7.4 million barrels a day last month, exceeding US imports, which are expected to register 7.2 million barrels per day in April, according to data from Reuters.

At the time there has been little change on contracts crude oil futures prices on Monday after he failed to China moves to boost its economy lax to instill confidence in the demand for oil in the largest energy consumer in the world will improve quickly and raise prices.

However, the prices likely to decline, according to the oil expert Mohammed al-Shatti, who confirms that the continued strength of the dollar and the arrival of the prices are very high level may serve shale oil production, which would limit the recovery rise.

China cut interest rates for the third time in six months, Sunday, to stimulate its economy, which is heading towards its worst year in 25 years.

Said Rick Spooner, senior analyst at CMC Markets in Sydney Foundation "There was a limited response in oil markets today. Maybe that explains the motivation to help to ease the landing instead of changing things already."

In addition, the price of Brent crude for June delivery rose two years to $ 65.41 a barrel, and the price fell West Texas Intermediate crude for June delivery was five cents to $ 59.34 a barrel after rising eight consecutive weeks, the longest period since the late 2012 high.

Said Philip Andrews Speed, head of energy security research at National University of Singapore, "more than the largest importer of crude in the world in purchasing power of China's position. China will remain a role in the Middle East is changing and will not remain a young player."

"It will not be limited to the growing importance of China for the countries of the Middle East and even the Middle East is becoming increasingly important for China compared to other countries import less oil.