Middle East Economic Survey

VOL. LII

No 4

26-Jan-2009

SUPPLY/DEMAND

Chinas December Crude Imports Totaled 14.37Mn Tons

Chinese crude oil imports during December totaled 14.37mn tons (3.40mn b/d), Chinas General Administration of Customs announced on 13 January. This compares with 13.36mn tons in November, or 3.25mn b/d, the lowest monthly average for the year (MEES, 5 January). The December rebound can be attributed partly to stockbuilding ahead of the Chinese New Year holiday in late January. The...