China's crude oil imports fell by 20% in April, reaching their lowest level in two years. This significant decline has prompted state-owned enterprises to resell oil cargoes to international buyers, indicating that domestic demand is considerably weaker than previously anticipated amid the ongoing supply crisis. The reduction in imports highlights potential shifts in China's energy consumption patterns and raises questions about future demand trends in the world's largest oil importer.
China's Crude Oil Imports Drop 20% in April, Lowest in Two Years
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