China’s crude oil imports rose 15.7% year on year to record high of 10.48 million b/d in November, preliminary data from the General Administration of Customs showed Saturday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now It was the first time China’s monthly crude imports have totaled more than 10 million b/d. The previous record high was 9.64 million b/d in April 2018, GAC data showed. On a barrels/day basis, the inflow represented a 13.9% increase from 9.19 million b/d in October. GAC releases data in metric ton, which S&P Global Platts converts to barrels using a 7.33 conversion factor. The country’s crude imports in November totaled 42.87 million mt, up 10.3% from 38.88 million mt in October, the preliminary GAC data showed. Robust imports in November lifted the country’s crude oil imports over January-November to 418.11 million mt (9.18 million b/d), up […]