China's crude oil imports in June hit a near 10-year low as refinery operations slowed and domestic demand weakened, compounded by export restrictions to safeguard energy security.
The measures are part of China's efforts to ensure energy security
Jul 14, 2026
01:11 pm
What's the storyChina's crude oil imports have plummeted by a staggering 41.3% in June, hitting their lowest level in nearly a decade.
The decline comes as refinery run rates hit a 10-year low, amid weak domestic demand and export restrictions on refined oil products.
China's oil imports plunged to a near decade low in June
China's crude oil imports significantly dropped in June to a ten-year low. This decline occurred as refinery operations reached…
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China’s sharp cut in crude imports is easing pressure on oil prices, but its inventory cushion will eventually need replenishing.
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