Crude oil imported for China’s independent refineries in December hiked to another historical high of 12.6 million mt (2.98 million b/d), but the refiners still failed to use up their crude import quotas for 2018, a monthly survey by S&P Global Platts showed Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The heavy inflow in December was 5.6% higher the last recorded high of 11.9 million mt in November amid the refiners’ rush to utilize the crude quotas by December 31. This brought the total imports for the sector in 2018 to 105.77 million mt, up 13.9% year on year. This is estimated to account for 20% to 25% of the country’s total crude imports. However, the refiners are likely to still […]