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China’s Crude Oil Imports From U.S. Plunge Amid Trade War

Traders have scaled back crude oil imports from the U.S. because of concerns over possible tariffs. Photo: VCG
Traders have scaled back crude oil imports from the U.S. because of concerns over possible tariffs. Photo: VCG

China's crude oil imports from the U.S. fell sharply in July and may drop further in August amid the trade war between Washington and Beijing.

China imported 6.9 million barrels of U.S. crude in July (223,000 barrels a day), more than half the record high of 14.65 million barrels in June, according to S&P Global Platts. Deliveries in August may shrink even more, to around 6 million barrels, Platts estimated.

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