China’s sharp cut in crude imports is easing pressure on oil prices, but its inventory cushion will eventually need replenishing.

China's seaborne crude oil imports are tracking at a decade low in May, dropping to roughly 6.5-7.5 million b/d as refiners drain onshore stockpiles.

China has reduced oil imports since the start of the Iran war, capping global crude prices.

Beijing has leaned on stockpiles, refinery cuts and export curbs instead of chasing replacement crude, helping cushion global markets from the supply shock.

In May, China's crude imports dropped to 33 million tons, the lowest in over eight years, as the Iran conflict affected supply. | Business News

China’s sharp cut in crude imports is easing pressure on oil prices, but its inventory cushion will eventually need replenishing.

Importações caem 29% em maio com refinarias reduzindo produção; consumo doméstico também sofre pressão

Confirming our recent reporting on China's oil demand collapse, crude oil imports to China in May fell to their lowest since October 2017

China's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Copper imports also fell as prices rose.…

China has begun drawing from its vast crude oil inventories to reduce expensive imports and cushion the impact of the global supply disruption caused by the Middle East conflict.

With zero from Qatar for the second straight month in May, LNG deliveries have fallen below overland pipeline volumes from Russia and Turkmenistan.

China's crude oil imports dropped 29% to an eight-year low during the Iran war, keeping Brent crude under $100 as Beijing drew down strategic reserves.

China's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles and public transport. This behavioral…

Clues are emerging in the mystery of the missing three million barrels—the oil that China would normally be importing but isn’t now. | World News

China's crude oil imports plunged as EV adoption topped 50% of new car sales, easing global oil supply pressures despite Middle East geopolitical risks.

China's gasoline and diesel demand has been falling for years as electric vehicles gained market share and economic growth slowed. But the latest drop has surprised even seasoned…