Lower Chinese oil imports limiting price surge, Javier Blas notes

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1 hour ago

Lower Chinese oil imports limiting price surge, Javier Blas notes — Chinese oil imports hold down prices

Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that reduced Chinese oil imports are a key reason oil prices have not risen sharply.

Blas cites comments from Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, highlighting the impact of China's market activity on global oil prices.

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China’s crude imports in May fell to about 6.6 million barrels per day, down 38% from the 2025 average, according to a recent report by Blas (link). He has also written that Iran could earn $60-$70 billion annually in oil revenue if exports return to pre-war levels (link). The import slowdown in China comes as policymakers and analysts track shifts in global oil supply and demand.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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