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2020-01-15 12:35:00

CHINA'S OIL IMPORTS UP BY 9.5%

CHINA'S OIL IMPORTS UP BY 9.5%

REUTERS - JANUARY 14, 2020 - China's crude oil imports in 2019 surged 9.5% from a year earlier, setting a record for a 17th straight year, as demand growth from new refineries built last year propelled purchases by the world's biggest importer, data showed on Tuesday.

Last year, China imported a record 506 million tonnes of crude oil, 9.5% above 2018's level, according to data from the General Administration of Customs. That is equivalent to 10.12 million barrels per day (bpd), according to Reuters' calculations based on the data.

Chinese crude imports…

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