┬áSouth Korea’s crude oil imports from the US in May dropped 35.7% from a year earlier, which marks the biggest decline since the country began US crude imports, data released by Korea National Oil Corp. showed June 24. Receive daily email alerts, subscriber notes & personalize your experience. Register Now South Korean refiners imported 7.407 million barrels of US crude in May, compared with 11.516 million barrels a year earlier, according to the KNOC data. The 35.7% decline was the sharpest since South Korea began US crude imports on a regular basis in 2015. The May shipments were down 50% from 14.827 million barrels in April that marked the biggest since South Korea began US crude imports, breaking the previous record high of 14.78 million in July 2019. South Korea’s US crude imports marked the first decline in December last year when shipments fell 2.1% from a […]