China Refiners Keep Crude Purchases Below Pre-Iran War Levels

Hyperdash News08/21/2026 05:16 UTCCommodities

Chinese refiners are keeping crude oil purchases below levels seen before the Iran war. Analysts estimate current imports are nearing 10 million barrels per day. This cautious approach to demand persists despite an overall increase in import figures, driven by resilient oil prices.

The continued restraint in Chinese crude purchases suggests ongoing price sensitivity among refiners. This dynamic could cap upside potential for oil benchmarks, even as import volumes show some growth.

WTI Crude has gained +0.08% and

Brent Crude has gained +0.10% on Hyperdash.

Sources

Bloomberg

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