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China's 2023 crude oil imports hit record as fuel demand recovers
China's crude oil imports in 2023 hit an all-time high for a year, customs data showed on Friday, as fuel demand recovered from a pandemic-induced slump despite economic headwinds. China imported 11% more crude oil last year versus 2022 at 563.99 million metric tons, equivalent to 11.28 million barrels per day (bpd), up from a previous record of 10.81 million bpd in 2020, data from the General Administration of Customs showed. Imports in December totalled 48.36 million tons, or 11.39 million bpd, up from November's 10.33 million bpd. Domestic passenger transport levels increased steadily through 2023 following the ... (full story)