China’s imports of Iranian crude contracted by almost a third last month, in part due to subdued demand from private refiners after they saw higher shipments in June, APA reports citing Bloomberg.
Purchases slowed to about 1.2 million barrels a day, almost 30% lower than in June, and narrowly below the year-ago figure, according to data from intelligence firm Kpler Ltd. Figures from Vortexa Ltd., another data provider, showed a similar decline for the month.
Note that China is considered a major buyer of Iranian oil.