South Korea's crude imports fall for first time y-o-y

Oil

South Korea's crude oil imports in November fell by 133K b/d m-o-m and 103K b/d y-o-y to average 2.66M b/d, Reuters reports, citing preliminary data from the country's Ministry of Trade, Industry and Energy. This is the first month in 2015 in which South Korea's crude imports have fallen y-o-y.