US Oil Exports to China Drop Significantly as Demand Declines

Reported about 18 hours ago

US crude oil exports to China have decreased by nearly 50% this year, falling to 81.9 million barrels due to a shift in China's economic situation and increased imports from countries like Russia and Iran. As China's economy slows and its use of electric vehicles grows, overall crude imports are down 7.2% from the previous year. In contrast, Europe has become a key market for US oil, with the Netherlands and South Korea emerging as leading importers.

Source: YAHOO

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