SEOUL: South Korea’s crude oil imports fell 3.7% on year in November, marking the first decline in more than a year.
The country imported 79.9 million barrels of crude oil in November, down from 83 million barrels a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed Tuesday.
The November volume was down 4.8% from the 83.9 million barrels imported in October, the MOTIE data showed.
While preliminary data from the MOTIE had shown crude imports dipped 0.9% on year in September, the final imports data released by the Korea National Oil Corp. showed that September crude imports had risen 2%.
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