Chinese refiners are reducing purchases of Saudi crude as weak demand, Gulf competition, and Strait of Hormuz disruptions reshape Asia's oil market.

Discover how China's oil import decisions influence global oil prices, alongside factors like the Strait of Hormuz and the Russia-Ukraine war. Read more at straitstimes.com. Read…

China's crude oil imports fell to their lowest level in a decade as higher prices and weaker refinery demand reduced purchases amid renewed Middle East supply risks.