China’s Oil Imports From Iran Tumble to 11-Month Low, Kpler Says
- Shipments from OPEC producer dip below 1 million barrels a day
- Decline follows spat over price of crude from OPEC producer
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China’s imports of Iranian crude tumbled to the lowest level in 11 months, according to data from intelligence firm Kpler, following a standoff over the price of oil from the OPEC producer.
The Asian nation took around 986,000 barrels a day in January, the lowest volume since February 2023 and the first time in 10 months daily shipments were below 1 million barrels, figures from Kpler show.