Wire · operational-macro
China's Crude Oil Imports Stayed Weak in August. Can This Continue?
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Fusion42 · 7 September 2026 · Fusion42 review
China's seaborne crude oil imports in August rose slightly to 7.14 million bpd but remain nearly 40% below pre-Iran conflict levels. The reduction is driven by loss of Iranian cargoes due to U.S. blockade and sanctions, leading China to increase crude purchases from Russia amid competition with India, while also raising refined fuel exports to meet Asian demand.
This Wire brief sits within Fusion42's coverage of Energy Storage.
◆ ◆ The Wire takeaway
Your fuel sourcing just got riskier as China's reliance on Russian crude rises amid tightened Iranian supplies, pushing prices and competition higher. You need to plan for supply squeezes and potential cost hikes this quarter.
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1 source · 7 Sep 2026
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