Middle East Economic Survey

VOL. LII

No 1

5-Jan-2009

Chinas Crude Oil Imports Fall To 13.36Mn Tons For November

Chinas crude oil imports totaled 13.36mn tons (3.25mn b/d) for November, compared with 16.16mn tons (3.82mn b/d) in October, according to Chinas General Administration for Customs (MEES, 8 December 2008). The decrease in imports reflects market indicators that show demand for crude is declining in China as a result of the global economic recession. During the months of January to...