Middle East Economic Survey


No 51


Chinas Oil Imports For November 11% Higher Than October

Chinas crude oil imports amounted to 13.61mn tons (3.33mn b/d) in November, according to an 11 December Reuters report. This represented a 7.9% increase on October, when Chinas imports of 12.61mn tons (2.98mn b/d) were the lowest level in 10 months (MEES, 19 November). The rebound followed the governments decision to raise retail fuel prices by 10% beginning 1 November, making...