China Crude Imports Tumble

摘要

China's January 2016 crude imports tumbled 4.6% year-on-year to around 6.3 million b/d. But the monthly drop of around 1.5 million b/d was even greater, following record-high volumes in December 2015. January's year-on-year decline marks the biggest drop since May 2015, when crude imports fell by 10.9% from the previous year.