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CHINA DATA: November crude imports from Oman hit fresh high at 1.25 million b/d, up 33% on year

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CHINA DATA: November crude imports from Oman hit fresh high at 1.25 million b/d, up 33% on year

Singapore — China's imports of Oman crude oil surged 63.7% in November to a record high of 5.1 million mt, or 1.25 million b/d, from October, making the producer the third-biggest crude supplier in the month, data from the General Administration of Customs, or GAC, showed on Dec. 26.

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The previous high was at 4.16 million mt, or 983,101 b/d, in December 2019, GAC data showed.

The volume brought imports from Oman at 36.2 million mt in January-November, jumping 21.9% year on year.

Saudi Arabia returned to the top spot with a month-on-month increase of 42.8% in shipments delivered in November, at 8.48 million mt, or 2.07 million b/d.

These led crude imports from the Middle East to jump 15.9% year on year at 5.19 million b/d over the January-November period to take 47.1% market share compared with 44.3% in the same period last year.

Volume increase was also seen from North America, 137.7% on the year at 428,000 b/d in the period, making the region's market share gain 2.1 percentage points to 3.9% due to an 154.6% growth in US crude imports.

Crude imports from the US rebounded 122.2% from October at 3.61 million mt, or 882,451 b/d, in November.

The volume was 7% lower than the record high of 952,254 b/d imported in September.

Imports from Africa and South America fell 14.6% and 8.8%, respectively, at 1.56 million b/d and 1.25 million b/d in January-November, GAC data showed.

China's top crude suppliers ('000 mt):

Nov-2020
Nov-2019
% change
Oct-2020
% change
Saudi Arabia
8,481
8,207
3.3%
5,937
42.8%
Russia
6,105
7,640
-20.1%
6,640
-8.1%
Oman
5,102
3,825
33.4%
3,116
63.7%
Iraq
5,098
5,805
-12.2%
4,613
10.5%
US
3,612
257
1304.1%
1,626
122.2%
Angola
3,421
3,643
-6.1%
3,524
-2.9%
Brazil
3,104
4,114
-24.5%
3,240
-4.2%
UAE
2,620
1,227
113.4%
2,824
-7.2%
Kuwait
1,990
2,014
-1.2%
2,382
-16.5%
Malaysia
1,360
876
55.2%
705
92.9%
Total*
45,356
45,723
-0.8%
42,558
6.6%
Total* '000 b/d
10,725
10,811
-0.8%
10,398
3.1%

Jan-Nov 2020
Market share
Jan-Nov 2019
Market share
Vol Change
Saudi Arabia
77,984
15.5%
76,336
16.6%
2.2%
Russia
77,367
15.4%
70,281
15.3%
10.1%
Iraq
56,939
11.3%
47,085
10.2%
20.9%
Brazil
40,036
7.9%
37,069
8.1%
8.0%
Angola
37,960
7.5%
42,598
9.3%
-10.9%
Oman
36,203
7.2%
29,710
6.5%
21.9%
UAE
30,436
6.0%
13,698
3.0%
122.2%
Kuwait
24,313
4.8%
20,568
4.5%
18.2%
US
16,161
3.2%
6,349
1.4%
154.6%
Norway
11,876
2.4%
720
0.2%
1550.6%
Total*
503,916
100%
460,199
100%
9.5%
Total* '000 b/d
13,481
100%
12,356
100%
9.1%

Note: * include other suppliers

Source: General Administration of Customs