China's crude oil imports highest since August 2023 on Iranian surge
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China's crude oil imports rebounded sharply in March, reaching 51.41 million metric tons (12.1 million barrels per day), the highest since August 2023. The increase was primarily due to a surge in Iranian oil imports and a rebound in Russian oil deliveries, despite U.S. sanctions. Iranian oil now comprises about 13% of China's total crude oil purchases.
April 14, 2025 | 5:15 am
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China's increased crude oil imports suggest potential upward pressure on global oil prices, which could positively impact Brent oil-focused ETFs like BNO.
China's significant increase in oil imports, especially from Iran and Russia, indicates strong energy demand that could drive global oil prices higher, potentially benefiting Brent oil-focused ETFs like BNO.
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