China drew heavily on crude inventories during the Iran conflict, slashing imports while maintaining refinery runs and easing pressure on global oil supplies.
Despite record U.S. crude output,…
Speculation that OPEC is weakening…
No longer restricted by OPEC…
By Alex Kimani - Jul 14, 2026, 7:00 PM CDTChinese refiners largely stopped competing for Middle… [+5410 chars]
Speculation that OPEC is weakening…
No longer restricted by OPEC…
By Alex Kimani - Jul 14, 2026, 7:00 PM CDTChinese refiners largely stopped competing for Middle… [+5410 chars]