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China learns to live on less fuel, to the relief of oil markets
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 change, driven by higher fuel prices and the property crisis, is leading to reduced crude oil imports and has major implications for global oil markets.
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theprint.in
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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hindustantimes.com
China’s oil imports plunge to eight-year low on war disruptions
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
