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Economy News

The Economic Times

Economy / The Economic Times

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

China's crude oil imports significantly dropped in June to a ten-year low. This decline occurred as refinery operations reached their lowest point in a decade. Domestic demand weakened, and refined product exports faced curbs to ensure energy security. Natural gas imports saw a slight year-on-year increase in June. However, overall natural gas imports for the first half declined.

14 Jul 2026 10:34 am