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Palisades Gold Radio · Friday, July 17, 2026

China's Crude Oil Imports Significantly Below Pre-War Levels

Rory Johnston reports that China's crude oil imports are approximately half of what they were before the recent hostilities in the Middle East. This weak demand from China contributed to the temporary market oversupply.

The tape

2 quotes
China is still not importing virtually like almost half of the crude oil it was pre-war
China is still not importing virtually like almost half of the crude oil it was pre-war
Heard on Palisades Gold Radio — “Rory Johnston: What Everyone Is Getting Wrong About The Oil Price Amidst Iran War, published Friday, July 17, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.06
China's Crude Oil Imports Significantly Below Pre-War Levels — Heardvine