China December crude oil imports jump in December – China Customs
|According to the data released by the General Administration of China Customs, China's crude oil imports surged sharply in the month of December, despite the overall imports slump.
Key Details (via Reuters):
“December shipments into China, the world's top crude oil buyer, were at 43.78 million tonnes, or 10.31 million barrels per day (bpd), holding above the 10 million bpd mark for the second straight month, and just a touch below the record of 10.43 million bpd in November
For the whole of 2018, China's crude oil imports rose 10.1 percent versus the previous year to a record 461.9 million tonnes, or 9.24 million bpd. This makes China the top crude oil importer for the second year running after it first overtook the United States on an annual basis in 2017.
The 2018 growth represents an increase of 846,600 bpd - more than 2017's net growth of 770,000 bpd - and roughly the size of consumption by the Netherlands or Turkey.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.