Asia’s Crude Oil Imports Set for Record High in February

Asia is poised to import record volumes of crude oil this month as top importers boost purchases amid strong runs and a changing geopolitical situation. Asia, the key oil-importing and demand growth region, is expected to import as many as 28.51 million barrels per day (bpd) of crude oil in February—a record high on a daily basis in data compiled by commodity analysts Kpler and cited by Reuters’ columnist Clyde Russell. The February imports would be higher than 27.48 million bpd in December and 26.22 million bpd in January, per the…