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Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrink
China is bearing the brunt of Asias crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude imports fell sharply in June and July, despite a recovery in July. August shipments are expected to improve, but September could offer a clearer picture of supply disruptions.
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economictimes.indiatimes.com
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Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrink
China is bearing the brunt of Asias crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude imports fell sharply in June and July,…