China’s crude imports from the US surged 211% year on year to 19.76 million mt, or an average 395,746 b/d, in 2020, with the value jumping 89% to $6.28 billion, General Administration of Customs data released Jan. 20 showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Imports from the US had averaged 127,147 b/d in 2019. Hefty imports from the US in the second half of 2020 made the producer China’s ninth-biggest crude supplier for the year. China had suspended crude imports from the US over December 2019-April 2020 due to the trade tensions between Beijing and Washington. The inflow resumed in May last year when the world’s top crude importer stepped up buying from the US in order to meet the Phase 1 trade deal agreement between the top two economies. Arrivals from the US hit an historical high of […]