Rising Crude Oil Imports Reduce China’s Need to Draw from Stocks | Black Bird Media00 per barrel. The world’s biggest crude importer has drawn from its 1.3-billion-barrel stash for most of the months after March as it slashed imports amid soaring prices. The stock ">

Rising Crude Oil Imports Reduce China’s Need to Draw from Stocks

China has relied on its huge crude oil inventories since the Iran war hiked oil prices to above $100 per barrel. The world’s biggest crude importer has drawn from its 1.3-billion-barrel stash for most of the months after March as it slashed imports amid soaring prices. The stock