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China’s crude oil imports plummeted 41.3% year-on-year in June to their lowest monthly level in nearly a decade.
Inbound shipments fell 41% in June as the U.S.-Iran war pushed energy prices higher and rapid EV adoption at home weakened demand
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China’s crude oil imports plummeted 41.3% year-on-year in June to their lowest monthly level in nearly a decade.

China's June oil imports hit near 10-year low amid Iran war

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China's crude oil imports significantly dropped in June to a ten-year low. This decline occurred as refinery operations reached…