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China's Oil Imports Plunge 40% as Conflict Flares in Strait of Hormuz

China’s Oil Imports Plunge 40% as Conflict Flares in Strait of Hormuz

China’s Oil Imports Plunge 40% as Conflict Flares in Strait of Hormuz

China’s crude oil imports fell 41% in June to 29.27 million tonnes, the lowest monthly volume since October 2016, according to data released by Chinese customs on Tuesday. The world’s largest oil importer purchased an average of 11.6 mill

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