Asia's Oil Imports Declined in the First Half of 2024

Crude oil imports into Asia declined slightly in the first half of the year contrary to expectations of a steady rise, LSEG data has shown, as reported by Reuters columnist Clyde Russell. Per the data, Asian oil buyers imported 27.16 million barrels daily over the first six months of the year. This was down by 130,000 bpd from a year earlier, mostly because of weaker imports into China, Russell reported. It’s worth noting that oil imports into China hit a record high last year, at some 11.28 million barrels daily. When the data…