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China's oil imports hit eight-year low as Iran war disrupts energy supplies
Beijing has leaned on stockpiles, refinery cuts and export curbs instead of chasing replacement crude, helping cushion global markets from the supply shock.
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cryptobriefing.com
China's crude imports plunge to decade low in May as refiners drain stockpiles
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.
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cnbc.com
China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
China has reduced oil imports since the start of the Iran war, capping global crude prices.
