China's oil and gas imports showed significant growth in January

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The volume of oil imported by China in January increased in annual terms by 4.8% to 42,600,000 tons, the Central Custom Authority of China reported. The figure for third months in a row is higher than 10 million barrels per day. The January growth was promoted by the desire of Chinese refineries to increase oil reserves before the celebration of the New Year in early February. The volume of gas that China imported in January reached a record 9 million 810 thousand tons. Its growth in annual terms was 26.2%. The expected growth in demand for heating has become the main reason for the increase in gas purchases by importers. In January, China shipped 5 million 420 thousand tons of oil products to other countries, which is 31.6% more than in January of the previous year.

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