EconomyChina’s crude imports are rising again. What could that mean for oil prices?
China is showing early signs of increasing crude imports after months of subdued buying during the US-Israel war on Iran, potentially weakening a buffer that has limited the rise in global oil prices. Analysts do not expect a rapid return to pre-war levels, as high crude prices could squeeze refinery margins and existing stockpiles remain sufficient for several months.
China’s crude imports are rising again. What could that mean for oil prices?
Economy