China's February crude imports surge 22 percent; gas imports drop from January

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China's February crude imports surge 22 percent; gas imports drop from January
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China's crude oil imports rose to the third-highest volume on record on a d...

SINGAPORE/BEIJING - China’s crude oil imports rose to the third-highest volume on record on a daily basis on increasing purchases by new private refineries, while natural gas imports eased as demand dropped amid warmer temperatures, customs data showed on Friday.

That is the equivalent of 10.23 million barrels per day , up 21.6 percent from 8.41 million bpd during the same period the year before. Zhejiang Petrochemical has also begun test runs at some units at its refinery in east China though full pilot production is expected only during the second quarter. Natural gas imports in February fell from a month ago as temperatures rose but were up from the same time in 2018.

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