China’s reduced oil and LNG imports have helped stabilize global energy markets during the Iran war, as Beijing drew down inventories, cut refinery runs, and delayed spot purchases instead of competing aggressively for scarce cargoes.

China’s reduced oil and LNG imports have helped stabilize global energy markets during the Iran war, as Beijing drew down inventories, cut refinery runs, and delayed spot…

Since the start of the Iran war, China has sharply cut the amount of oil it imports.