China’s Crude Oil Imports Crash to Decade Low as Hormuz Crisis Bites

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• Free Analysis Rule Based Analysis not AI OIL Bearish 70% 6h
  Generated → 6h → Excluded

  Expired: not evaluated within 7 days of its 6h timeframe elapsing

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Original source

China’s crude oil imports crashed to a decade-low in June as the reduced flows through the Strait of Hormuz hiked oil prices and reduced refiners’ appetite for costly crude. Overall Chinese imports of crude oil plunged by 41.3% in June from a year earlier, to just 29.27 million tons, or 7.12 million barrels per day (bpd), according to official Chinese customs data released on Tuesday. The June volumes hit a decade low as they were at their lowest level since October 2016, according to the data series. Chinese crude oil imports extended…

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Original article published by OilPrice.com on July 14, 2026. Analysis and insights provided by AnalystMarkets AI.

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