China's crude oil imports dropped in November – JLC

China’s crude oil imports declined in November, after growing in October, market intelligence provider JLC reported citing data from China’s General Administration of Customs (GACC).

PHOTO: Oil pump jacks with the Chinese flag in the background. Getty Images

China imported about 42.45 million mt (10.33 million b/d) of crude oil in November, down 10.43% from the previous month, JLC reported.

“Chinese refiners lowered their crude imports for November in view of dim domestic fuel demand,” JLC stated.

Chinese crude imports saw a 9.19% decrease on a year-on-year comparison.

The country imported a total of 515.65 million mt (11.27 million b/d) of crude oil in the first eleven months of the year, up 12.10% from the corresponding period in 2022.

By Aparupa Mazumder 

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