China's crude oil imports fell 41.3% in June China's crude oil imports dropped to a decade-low in June due to reduced flows through the Strait of Hormuz. The reduced flows hiked oil prices, decreasing refiners' appetite for costly crude. The June volumes hi
China’s crude oil imports fell 41.3% in June
China’s crude oil imports dropped to a decade-low in June due to reduced flows through the Strait of Hormuz.
The reduced flows hiked oil prices, decreasing refiners’ appetite for costly crude.
The June volumes hit a decade low, with overall imports plunging to 29.27 million tons, or 7.12 million barrels per day.
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