Rory Johnston: Chinese seaborne crude imports fall 50 percent from pre-war levels

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Artem Shendetskii

03.06.2026

Rory Johnston: Chinese seaborne crude imports fall 50 percent from pre-war levels — China crude imports fall sharply

Rory Johnston highlights that Chinese seaborne crude imports have dropped approximately 50 percent from pre-war levels, according to recent data from Kpler tracking.

He adds that Beijing is playing a significant role in stabilizing the oil market affected by disruptions around the Strait of Hormuz, with uncertainty around how long this intervention can continue.

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Johnston previously reported the biggest weekly pullback in net speculative Brent crude positions during the war. He has also analyzed how Chinese refineries have cut runs due to low margins while consumer demand has stayed steady. These developments continue to factor into assessments of market stability.

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