China’s Gulf oil imports forecast to approach pre-Iran war high as shipments rebound

Chinese crude oil imports from the Gulf region are rebounding amid months of disruption from the US-Israel war on Iran and a sharp decline in domestic inventories. Shipments from the Middle East rose 25.7 per cent month on month to 13.8 million tonnes in September, marking a third consecutive monthly increase, according to Chinese customs data. Xu Muyu, a senior crude oil analyst at data intelligence firm Kpler, said demand for Middle Eastern crude was likely to remain strong amid record...