China Cuts Oil Imports 19% In June! Oil’s Demand Drivers Waning While New Supply Coming Online

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We only found this out in hindsight, not in real time, but in June China’s oil imports from Saudi Arabia, their largest source of oil, fell by 19%.

China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports…

Also, this week from we got more info about how China’s air traffic at their 20 largest airports is not even back to 40% of pre-pandemic levels. So down 60%.

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Asia Buys Less Saudi Crude As COVID Restrictions Return…


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