China’s October Crude Oil Imports Rise to Highest Level Since March Amid Middle East War

🇨🇳 Hellenic Shipping News (CN) —

AI Summary

China imported 41.94 million metric tons of crude oil in October, with imports reaching their highest level since March despite being down 13.3% year over year. The article links the increase from recent lows to Middle East supply disruption amid the US-Israeli war on Iran.

China’s October oil imports fell 13.3% from a year earlier but reached the highest level since March this year after the US-Israeli war on Iran disrupted supplies from the Middle East, official data showed on Tuesday. China, the world’s biggest oil buyer, imported 41.94 million metric tons of crude oil in October, or 9.88 million ...

World Conflict Markets Commodities Energy Shipping China crude imports oil markets Middle East war Iran supply disruption October trade data

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