China’s crude oil imports fell to an eight-year low in May, as refineries in the world’s largest oil-buying nation pulled back sharply during the war that began when the United States and Israel launched air strikes against Iran on Feb. 28.
The country brought in 33.08 million metric tons of crude last month—about 7.79 million barrels a day, and 29 percent less than a year earlier—according to figures from China’s General Administration of Customs. That was down from roughly 9.3 million barrels a day in April and about 11 million before the war, and the lowest monthly level since 2018.
