Monday, May 8, 2017

China's crude oil imports ease from record, fuel exports fall 

China shipped in 34.39 million tonnes of crude oil last month, or about 8.37 million barrels per day (bpd), down nearly 9 percent from March, according to data from China's General Administration of Customs China's crude oil imports eased in April from March's record high as refiners processed less oil during a heavy maintenance season, while exports of refined fuel fell by a quarter from a month earlier due to quota reductions. China shipped in 34.39 million tonnes of crude oil last month, or about 8.37 million barrels per day (bpd), down nearly 9 percent from March, according to data from China's General Administration of Customs on Monday. April's level was still up 5.5 percent from a year ago, while imports for the first four months of the year rose 12.5 percent to 139.12 million tonnes, or 8.46 million bpd. "April looks more like a return to normal import level. Imports will likely trend down further in the coming few months as refinery maintenance season unfolds and teapots run out of import quotas," said Harry Liu, analyst of consultancy IHS Markit. 
Microsoft will ‘show the world what’s next’ at May 23rd event in Shanghai

 The event will take place in Shanghai on May 23rd, but Microsoft didn't specify either the precise location of the event or exactly what it will be showing. The company did tell The Verge to expect new hardware, however. Microsoft is holding an event this month, the company announced tonight, at which it says it will "show the world what's next." The event will take place in Shanghai on May 23rd, but Microsoft didn't specify either the precise location of the event or exactly what it will be showing. The company did tell The Verge to expect new hardware, however. There are some additional clues to that new hardware to be gleaned from social media. Panos Panay — Microsoft's vice president of devices and the creator of the Surface — tweeted the announcement alongside the hashtag "#Surface.

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