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China's crude oil imports fell in the second quarter
China, the world's largest importer of crude oil, imported less crude oil in the second quarter of 2026 (2Q26) following higher crude oil…
AI Summary
China, the world's largest importer of crude oil, imported less crude oil in the second quarter of 2026 (2Q26) following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz. China's lower imports reduced global demand, softening the upward price effects from the disrupted supply through the strait.
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