China energy imports and fuel exports drop in April
China crude oil imports fell 20 percent in April to a four-year low due to Middle East supply disruptions. Refined fuel exports also hit a ten-year low.
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China oil imports fell 20% in April to 38.5 million metric tons, the lowest level since July 2022. Supply disruptions followed the closure of the Strait of Hormuz during the conflict involving Iran. Reduced inflows forced China to tighten fuel export controls to ensure domestic energy security.
