16 Days
Source:
المشهد العربي
China's oil imports hit decade low
China's crude oil imports in June saw a sharp decline, reaching the lowest level in ten years at approximately 29.27 million tons per day. This represents a 41% decrease compared to the same period last year and a 12% drop compared to May, driven by declining shipments from the Middle East and a 40% reduction in Iranian oil imports. Conversely, natural gas imports increased by 3.7%, reaching 10.93 million tons, supported by heightened maritime shipments to compensate for the decline in domestic production. This decrease in oil imports occurs amid ongoing tensions in the Middle East and their impact on demand and imports.
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