China’s Oil Imports Plunge to Eight-Year Low on War Disruptions

🇨🇳 Bloomberg (CN) —

AI Summary

China's oil imports declined to an eight-year low due to disruptions from the conflict in Iran, as Beijing refrained from aggressively seeking replacement crude supplies. The Iran war continues to affect global oil supply chains.

China’s buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels.

World Conflict Energy China oil imports Iran war energy disruptions crude oil supply Beijing

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