China's crude oil imports in February climbed 21.6% year on year to 10.27 million b/d, preliminary data from the General Administration of Customs showed Friday.
This was the fourth time China's monthly crude imports breached 10 million b/d, marking an increase of 2% from 10.07 million b/d in January.
GAC releases data in metric tons, which S&P Global Platts converts to barrels using a 7.33 conversion factor.
The country's crude imports in February totaled 39.23 million mt, compared to 42.6 million mt in January, the preliminary GAC data showed.
February fuel oil imports were 1.22 million mt, up 11.7% on year.
Meanwhile, China's oil product exports rose 9.2% year on year to 3.81 million mt in February, GAC data showed. On a daily basis, the volume went up 2.2% from 130,000 mt/day in January.
As a result, net oil product exports grew 67% on year to 1.46 million mt in February, the data further revealed.- Platts-