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China Buys Saudi Crude in Rare Tender as Imports Stay Muted
China purchased millions of barrels of Saudi crude through a rare tender and under long-term contracts. Despite this transaction, overall oil purchases remain significantly below pre-war levels.
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- China steps up oil purchases from Middle East as prices fall
- China Crude Buying Seen Languishing for Months as Demand Tumbles
- China crude imports tick up
- China's reduced oil purchases help keep global prices lower
- Crude Intentions: How China Became the Clearing Market for Sanctioned Oil
- China stockpiled huge amounts of oil before Iran war