China's crude imports collapsed in June as the Strait of Hormuz crisis led to lower volumes from the Middle East, pushing Russia's share of total Chinese crude imports to an all-time time high of at least 29.2%, Energy Intelligence calculates, based on official Chinese customs data.
China's Dependence on Russian Crude Sets New High
China's June imports from the Middle East, excluding Iran, fell sharply from a year ago, making imports from Russia even more crucial.
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