China's crude oil processing in June reached its lowest point since the pandemic began. This decline occurred as global supply tightened and domestic demand weakened significantly. Refinery throughput fell substantially from the previous year, impacting overall production levels. Crude oil output also saw a slight decrease year-on-year during the first half. Natural gas production, however, experienced a modest increase over the same period.

China's crude imports rebound as fuel export curbs ease. Crude oil to reach a new all-time high by December 31 at 14.5% YES.

China's crude oil imports hit a decade-low due to the Iran conflict. New all-time high by September 30 at 7.9% YES.

China reduces crude oil imports to stabilize prices amid the Iran conflict. Crude oil reaching a new all-time high by September 30 at 7.8% YES.

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.

China’s crude imports of just over 7 million b/d for June were the lowest since 2016. Amid low refinery throughputs, there is no sign yet of a rebound.

Inbound shipments fell 41% in June as the U.S.-Iran war pushed energy prices higher and rapid EV adoption at home weakened demand

China's June oil demand dropped 19% due to supply disruptions. Crude oil reaching a new all-time high by September 30 at 5.8% YES.

China's crude oil processing in June reached its lowest point since the pandemic began. This decline occurred as global supply tightened and domestic demand weakened…

China's refinery throughput fell to its lowest level since 2020 in June as refiners cut processing due to weak fuel demand, expensive crude, and reduced Middle East oil supplies.

China's oil imports plunged to a near decade low in June

June crude imports fell to the lowest level since 2016 as weak fuel demand, EV adoption, export curbs and geopolitical risks reshaped buying patterns