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Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrink

Economic Times 1 hr ago·10 Aug 2026, 9:25 am

China is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude imports fell sharply in June and July, despite a recovery in July. August shipments are expected to improve, but September could offer a clearer picture of supply disruptions.

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Summary & analysis by DocStoX. Full story at Economic Times.

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