China’s crude oil imports grew by 9.5% in 2019 to 10.16 million b/d, despite a month-on-month decline of 3.8% in December, preliminary data released on Tuesday by the General Administration of Customs, or GAC showed. Total crude oil import growth for 2019 was however, slightly lower than 10.1% seen in 2018. Crude imports in November had hit a historical high of 11.18 milion b/d. GAC releases data in metric tons, which S&P Global Platts converts to barrels using a 7.33 conversion factor. The country’s crude imports in December totaled 45.48 million mt, 0.6% lower than the 45.74 million mt in November, preliminary GAC data showed. DEC FUEL OIL IMPORTS HIT 6-YEAR HIGH Fuel oil imports soared 92.2% in on the month to hit 6-year high at 2.03 million mt, also representing 34.5% year-on-year increase. The […]