China to reemerge as a major oil buyer in August, JPMorgan says. Here are its top picks

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China is expected to reemerge as a significant oil buyer in August, according to JPMorgan. This development comes as China's reduced oil imports previously helped moderate the global energy market amid ongoing geopolitical tensions.

The pullback in oil imports by the world's largest oil importer has helped absorb the global energy shock and cap the surge in oil prices since the war began.