China’s Oil Imports Reaches 11.04 mmbbl/d in November

China’s Oil Imports Reaches 11.04 mmbbl/d in November

China’s General Administration Customs data announced that the imports of crude oil has risen to 11.04 million barrels per day (mmbbl/d) during November, compared to 10.02 mmbbl/d in October, Reuters reported.

This increase came in line with the clearing backlogs done by the customs, although the independent refiners slowed purchases after reaching their import quota limits.

China’s total imports of crude oil during the first 11 months of 2020 reached 10.98 mmbbl/d, increasing by 9.5% from the same period of the last year.

Additionally, the data showed that China exported about 4.95 million tons of petroleum products in November, which is a 14.5% decrease from October.

Regarding natural gas imports, it amounted to 9.18 million tons during November, decreasing by 3% from the same month in 2019.

 

 

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