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Asian Crude Imports All-Time High January

OIL

Crude oil imports into Asia hit an all-time high in January, rising by 11% from December, despite lower arrivals into China according to Refinitiv.

  • Asia’s total crude oil imports jumped by 11.1% m-o-m to 29.13 million bpd in January.
  • China’s imports are estimated to have fallen to 10.98 million bpd in January from 11.37 million bpd in December and 11.42 million bpd in November. Imports fell as a result of Lunar New Year celebrations.
  • Crude imports in India jumped to an all-time high of 5.29 million bpd in January, compared to 4.78 million bpd in December.
  • Crude flows into South Korea and Singapore also rose.
Energy BulletsCommodities
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