Chinese oil imports slowed in early July, underscoring weak demand even as crude prices rose. Javier Blas reports July 1-20 volumes were below the June average

Chinese oil imports slowed in early July, underscoring weak demand even as crude prices rose. Javier Blas reports July 1-20 volumes were below the June average and about 50% under pre-war levels, with Chinese buyers also reselling Middle Eastern cargoes.