South Korea Oil Imports Fall as Slowing Economy Curbs Demand

By Shinhye Kang

Dec. 1 (Bloomberg) -- South Korea imported 6.5 percent less crude oil in November as slowing economic growth cut fuel demand.

Imports dropped to 73 million barrels last month from 78.1 million a year earlier, the Ministry of Knowledge Economy said in an e-mailed statement today. The country’s crude oil import bill dropped 20.9 percent to $5.1 billion.

To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net