China imports record crude oil volumes in January

At 9.57 million barrels per day, China imported a record volume of oil in January 2018.

China’s crude oil imports in January rose 20% year-on-year to a record 40.64 million tonnes, or 9.57 million barrels per day (bpd), according to data from the General Administration of Customs on Thursday.

Reuters FILE

That compares with 33.7 million tonnes, or about 7.94 million barrels per day (bpd) in December and beats the previous record set in March 2017 of 9.17 million barrels per day.