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China’s Collapsing Crude Oil Imports to Fall Further in June

China’s Collapsing Crude Oil Imports to Fall Further in June
Bloomberg Markets Friday 26 June 2026, 03:33 UTC By Charlie Zhu, Sarah Chen 1 min read
Key Points

China’s Collapsing Crude Oil Imports to Fall Further in June The world’s top crude oil importer is set to take even fewer barrels this month, extending its exceptionally subdued appetite since the start of the Iran war. China’s seaborne crude imports will average about 6.4 million barrels a day in June, according to preliminary data from market intelligence firm Kpler.

China’s Collapsing Crude Oil Imports to Fall Further in June The world’s top crude oil importer is set to take even fewer barrels this month, extending its exceptionally subdued appetite since the start of the Iran war. China’s seaborne crude imports will average about 6.4 million barrels a day in June, according to preliminary data from market intelligence firm Kpler. That’s the lowest since October 2016 and about 8% less than May. Shipment tracking from Vortexa shows a similar trend.
China (LOCATION) the Iran war (EVENT) Kpler (PERSON) Vortexa (ORG)
Originally published by Bloomberg Markets Read original →

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