China Energy Watch

Commentary:

• December 25, 2020: China's energy dependence to grow despite major oil discoveries; a lot of bullish data in this article; while the world is still focused on defeating Covid-19, the Chinese economy has returned to growth; archived;

LNG:

• December 28, 2020: LNG imports rise 32% month-on-month on robust domestic demand. But up only 1.6% year-over-year; more relevant comparison.

Crude oil:

• December 28, 2020:
• Oman: Chinese imports surged 64% in November to a record high of 1.25 million bopd, from October; Oman: third-largest crude supplier in the month
• Saudi Arabia returned to the top spot with a month-over-month increase of 43% (Nov over Oct);
• overall, Middle East imports jumped 16% year-on-year; 47% market share compared with 44% last year
• North America: volume increase -- 138% year-on-year; US crude imports jumped 155% (no typo);
• US crude imports rebounded 122% month-over-month (November/October)
• the volume was 7% lower than the record high of 952,254 bopd imported in September, 2020;
• losers: Africa and South America