Author: Jeff Barron
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China’s crude oil imports decreased from a record as refinery activity slowed
In-depth analysis February 11, 2025 Data source: China General Administration of Customs, Bloomberg L.P. Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 million barrels per…
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Brent crude oil prices traded in a narrow range in 2024
In-brief analysis January 6, 2025 Data source: Bloomberg, L.P.Note: A front-month contract is a futures contract that is the closest to expiration. Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024, $2/b less than in 2023. Intraday prices stayed within a $24/b range, between $68/b and $93/b (after rounding), which was…