Purchases increased to 30.4mt last month, according to preliminary data released by China’s General Administration of Customs.
This indicates a 20.4% month-over-month increase and a firm 13.4% increase from the volumes seen in December last year.
China’s full-year crude imports surged to a record 308mt up nearly 10% on the year, averaging 6.2mbpd, up 530,000 bpd or 9.6% on 2013.
International crude prices are near six-year lows, revisiting levels last seen in the wake of the global financial crisis.
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