China’s June Gulf crude imports plunge amid slump in demand, higher prices
- Posted on July 20, 2026
- By South China Morning Post
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- 1 min read
In brief
China's crude oil imports experienced a significant decline in June due to weakening domestic demand and elevated global prices. However, the country's energy diversification strategy continues gaining momentum, with liquefied natural gas imports surging 8.3% year-on-year and coal purchases jumping nearly 30%. This shift reflects Beijing's efforts to balance energy security while managing economic pressures and exploring alternative fuel sources amid volatile international markets.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
China’s June Gulf crude imports plunge amid slump in demand, higher prices
Chinese imports of liquefied natural gas rose 8.3 per cent year on year in June, while the country purchased nearly 30 per cent more coal in the month.
