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South Korean oil imports decline in the first month in 2020

South Korean oil imports declined by 2.6 percent in January this year compared to the last year.

According to Reuters news agency Seoul, preliminary data released by the Korean Ministry of Commerce, Industry and Energy yesterday showed that the country’s oil imports in January 2020 fell by 2.6 percent compared to the year earlier. It reached 90,700,000 barrels per day.

Also, South Korean oil imports in December 2019 amounted to 89,500,000 barrels, and its imports in January 2019 amounted to 93,100,000 barrels.

The final information about South Korean oil imports will be released in the following days by the Korean National Oil Company (KNOC).

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