China Reduces Crude Oil Imports Amid Iran War Disruptions
Chinese crude oil imports dropped significantly due to disruptions caused by the Iran war, falling from nearly 11.4 million barrels per day in February to an average of 6.36 million barrels daily in May. Despite this decline, China's refiners maintained a relatively stable processing rate thanks to large stockpiles built up over previous months.
Topics: China Iran War oil imports stockpiles