The World’s Energy Engine Is Slowing
- China’s daily crude imports drop to lowest in six months
- Coal, natural gas imports slip in July from previous month
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China’s imports of crude oil, coal and natural gas slowed in July, offering no solace for producers hoping demand from the world’s largest energy consumer may help mop up global gluts of the fuels.
The nation imported about 7.35 million barrels a day last month, the slowest pace since January, according to data Monday from the General Administration of Customs. Inbound shipments of coal slipped 2.5 percent from June, while natural gas slumped more than 13 percent.