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.

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.

Even China’s inventories are now starting to decline, with Gulf oil supplies likely to take months to recover even if a peace deal is agreed.

Data from international tanker-tracking firms reveals that Iran's oil exports and deliveries to China dropped to their lowest level in 1 ...

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…