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High-Purity Fact Pipeline
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High-Purity Fact Pipeline
China Petrochemical Group, Kpler, Energy Aspects
China
June 5, 2026
"China's crude imports fell to 6.7 million barrels a day in May. Refinery throughput is at its lowest since 2022 due to weak demand and inventory management. The decline is helping to rebalance global markets amid the Strait of Hormuz closure."
Author: Daniel Yergin
This definitive history of the global oil industry provides the essential context for understanding how geopolitical tensions, such as those in the Strait of Hormuz, directly impact global supply chains and the strategic energy policies of major powers like China.