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

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.

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

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…

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.