China's Oil Imports Plummet To Eight-Year Low
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Source: Zero Hedge
Published: 2026-06-10 02:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Asia, Energy, Economy & Finance, China, Business & Economy, Asia Pacific
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Snippet:
Confirming our recent reporting on China's oil demand collapse, crude oil imports to China in May fell to their lowest since October 2017 because of the price spike resulting from the Persian Gulf tanker traffic disruption, plunging refinery margins (due to price ceilings imposed by Beijing), of a slowing economy and the rapid slowdown in the economy.
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