Oil
China Taps Commercial Oil Stockpiles to Help Weather Gulf Shock
China has started tapping its commercial crude reserves to help offset the supply shock from the Iran war, although the world’s biggest oil importer is continuing to prioritize lower refinery use and fuel export limits to manage the fallout.
Oil Falls as Israel and Iran Halt Hostilities That Risked Talks
Oil declined after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East.
China’s Oil Imports Plunge to Eight-Year Low on War Disruptions
China’s buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels.
