China Crude Buying Seen Languishing for Months as Demand Tumbles

China’s crude imports plunged in May to the lowest level in a decade and could languish for the coming months, as weaker demand, refinery cuts and limited exports help the...

By Charlie Zhu, Sarah Chen, Rong Wei Neo · Bloomberg Markets

China’s crude imports plunged in May to the lowest level in a decade and could languish for the coming months, as weaker demand, refinery cuts and limited exports help the world’s top buyer weather the impact of the Iran War.