South Korea's imports of Iranian crude fall 30% y-o-y

Oil

South Korea's crude oil imports from Iran in November fell by over 40K b/d y-o-y to 97K b/d, Reuters reports, citing preliminary South Korean Customs data. This was despite the country's overall crude imports only edging downwards marginally (1.4%) from November 2014 to 2.7M b/d.