Categories: Top Stories

Why China is buying less Iranian oil – explained in charts

China’s reduced oil imports, driven by weaker demand, record stockpiles, and EV growth, are unexpectedly stabilizing global markets amid Strait of Hormuz tensions. Despite discounted Iranian crude, Beijing is drawing down reserves and cutting refinery output. This shift offers a rare scenario where the largest importer eases global energy supply pressures.

The News Vista

Share
Published by
The News Vista

Recent Posts

More than 1.18 lakh Central employees choose Unified Pension Scheme: FM Sitharaman tells Parliament

More than 1.18 lakh employees and retirees chose the Unified Pension Scheme. This scheme offers…

45 minutes ago

Jantar Mantar Row: SC Seeks Centre’s Response On Plea For Alternative Protest Site In Delhi – Outlook India

Jantar Mantar Row: SC Seeks Centre’s Response On Plea For Alternative Protest Site In Delhi  Outlook…

1 hour ago

Jana Nayagan box office day 12: Vijay’s film slows after Rs 200 crore mark

Vijay's latest venture, Jana Nayagan, is proving to be a box office success following its…

1 hour ago

Russia floats out nuclear submarine: What makes Project 885M Yasen-M special

The Sevmash shipyard has unveiled Russia's latest Yasen-M nuclear submarine, named Ulyanovsk. This cutting-edge vessel…

1 hour ago