China is Permanently Reducing Reliance on Imported Oil
by Brian Wang from NextBigFuture.com on (#76RTC)
China cut oil imports hard - and why it is not and may never rush back. China cut crude imports from 11.7 million b/d in February to just under 9 million by late May, and by May imports hit 7.8 million b/d - the lowest since 2018 - with state refinery run rates at 66.3%, ...