The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little over 6 million barrels daily last month, down from almost 11.40 million barrels daily in February. The twist: China is the country that can afford such a slump, thanks to its inventories. May imports stood at a daily average of 6.36 million ba
Geopolitics OilPrice.com Jun 2, 2026