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The Economic Times
The Economic Times
National

China's June oil imports hit near 10-year low amid Iran war

Beijing: China's June crude imports slumped ​41.3% to their lowest in ​almost a decade as refinery run rates hit a ten-year low ​due to weak domestic demand and export curbs on refined oil products to safeguard energy security amid the Iran war.

China imported 29.27 million tons of crude oil in June, or 7.12 million barrels ‌per day, the ⁠lowest since ⁠October 2016, customs data showed on Tuesday.

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