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S.Korea’s Feb crude oil imports plunge 13.9% y/y – preliminary data

South Korea’s February crude oil imports fell 13.9% from a year earlier to 84.8 million barrels, preliminary data from the Ministry of Trade, Industry and Energy showed on Sunday.

Final data will be released later this month by state-run Korea National Oil Corp (KNOC).

Note: The ministry does not break down imports by country of origin. South Korea’s total January crude imports edged down 0.4% year on year to 92.7 million barrels, KNOC data showed.
Source: Reuters (Reporting by Jane Chung, Joori Roh; Editing by Clarence Fernandez)

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