Oxford Economics’ Betty Wang Rui says the country’s vast oil reserves will cushion the shock of rising oil prices, but warns a prolonged conflict could erode already sluggish consumer spending

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 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.