China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East crisis.

China has been stabilizing global oil markets by drawing down massive inventories instead of aggressively importing crude, but that strategy may soon run out of room.

China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East…

China's crude oil imports fell to 6.36 million barrels per day in May as the Middle East war cut supply — but a billion-barrel stockpile is keeping the market in check for now.

Iranian Light crude has flipped to a discount versus ICE Brent for the first time in two months as China’s teapot refiners pull back on imports amid mounting losses and high…

The world's largest oil importer has managed the Mideast supply crisis remarkably well so far, but cracks in its oil demand may be emerging — particularly in the feedstock-short…