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China Crude Imports Slip to 9.8mn bpd January: Vortexa

OIL

China crude imports slipped to 9.8mn bpd in January according to Vortexa – marking the third consecutive month below 10mn bpd.

  • Teapot refiners are still contending with sluggish margins despite a fresh batch of oil product export quotas at the start of the year.
  • Chinese state refiners have maintained healthy operations in early January according to Vortexa “driven by booming travel demand during the Spring Festival holiday season.”

Source: Vortexa

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