No crude oil imported in July, but face masks booming

Wed, 26 Aug 2020

No crude oil was imported into New Zealand in July for the first time in 34 years as covid-19 poleaxed demand for transport fuel. But imports of face masks to combat the pandemic were through the roof, totalling $232 million since the beginning of the year, up $189 million from $43 million for the same period last year. “The last time no crude oil was imported in a single month was in August 1986, a year when international demand for oil fell and prices dropped sharply,” international statistics manager Darren Allan said. Crude oil imp...

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