Crude oil imports into Asia dipped by a modest 1.4% last year, driven by China, in the region’s first annual decline in imports since the pandemic lockdowns. The daily average for 2024 stood at 26.51 million barrels daily, Reuters’ Clyde Russell reported earlier today, citing data from LSEG Oil Research. That compared to 26.88 million barrels daily in 2023. Based on estimated oil flows to China, LSEG Oil Research also said Chinese oil imports shed 210,000 barrels daily on average last year, or 1.9% on the previous year. This is not…
