Source link : https://asia-news.biz/asia/yemen/chinas-crude-imports-from-russia-and-malaysia-plunge-in-august-us-shipments-halt-for-third-consecutive-month/
China’s crude oil imports from Russia and Malaysia experienced a significant decline in August, reflecting shifting supply dynamics in the world’s largest energy market. Meanwhile, for the third consecutive month, China reported no shipments from the United States, underscoring ongoing changes in trade flows amid evolving geopolitical and economic conditions. This development signals a potential recalibration of China’s crude sourcing strategy as global energy markets continue to adjust to recent disruptions.
China’s Crude Imports from Russia and Malaysia See Significant Decline in August
China’s crude oil imports experienced a notable shift in August as shipments from Russia and Malaysia saw a marked downturn. Industry data revealed that imports from Russia, one of China’s top suppliers, declined by nearly 15% compared to the previous month. Similarly, deliveries from Malaysia dropped sharply, signaling a potential realignment in China’s sourcing strategy amidst evolving geopolitical and market dynamics. Analysts suggest that tariff adjustments and changing demand patterns within China’s refining sector could be driving this retraction.
Key highlights of China’s crude oil imports in August include:
- Russian crude: Down 15%, affected by logistic constraints and pricing competition.
- Malaysian crude: Experienced a 20% decline amid shifts to alternative suppliers.
- U.S. crude: Remained absent for the third consecutive month, continuing the trade lull…
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Author : Olivia Williams
Publish date : 2025-09-20 09:13:00
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