China Quietly Kept Global Crude Oil Prices Down — But Now It May Be Running Out of Time |FP Explains

Firstpost
リアクション
2026年06月12日
The Strait of Hormuz has been disrupted for almost four months. Analysts predicted $150–$200 oil. Instead, Brent crude is under $100. One of the reasons being that China has quietly slashed its oil imports by 3 million barrels a day which may have effectively shielded sudden oil shocks. China’s EVs, strategic reserves, and a slowing economy may have kept oil prices below $100 but for how long? Here's what's really happening.

Writer / Narrator: Tushar Swarup
Producer: Unnati Dubey
Graphic Designer: Simranjeet Singh
Video Editor: Pawan Arora

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