Ability to cut imports mitigates loss of supply due to Hormuz closure

China's import compression has offset one-third of the SoH shortfall...

China's oil imports drop to the lowest since 2016 amid the Iran conflict. Crude oil reaching a new all-time high by September 30 at 5.1% YES.

China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts are uncertain about the permanence of this…

Ability to cut imports mitigates loss of supply due to Hormuz closure

China cuts Iranian crude oil imports by 40%. Crude oil reaching a new all-time high by December 31 at 13.5% YES.