China’s daily crude imports fell to 6.36 million barrels in May as geopolitical tensions halved inflows from pre-war levels.
China’s crude oil imports averaged 6.36 million barrels per day in May, down sharply from 11.40 million barrels in February, as the Iran conflict disrupted global supply chains. The decline reflects a 50% reduction in daily inflows compared to pre-war levels, according to trade data.
Prior to the conflict, China’s imports had stabilized near 8.10 million barrels daily in April. The drop aligns with broader market disruptions, though China’s strategic reserves have softened the impact. Analysts note the country’s ability to draw down stockpiles has mitigated immediate supply risks.
Markets remain cautious as the shift signals potential long-term supply constraints amid ongoing geopolitical instability.