EnergyReader · 2026-08-07 15:36

China's Crude Imports Begin Recovery After Hormuz-Driven June Slump

By EnergyReader Newsroom · August 7, 2026

ICE Brent crude front-month was trading at $82.02/bbl on Friday (2026-08-07), as the market weighs a nascent recovery in Chinese import volumes against the lingering effects of the Strait of Hormuz disruption that crushed buying in June.

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Wood Mackenzie Sees Asian LNG Demand Near Doubling by 2050 as Hormuz Crisis Drives Second Straight Annual Fall 10h ago · Strait of Hormuz same market Germany and Europe Absorb the Hormuz Supply Loss, but the Alternatives Are Thin 11h ago · Strait of Hormuz same market US Strategic Petroleum Reserve Hits Four-Decade Low as Brent Climbs Back Toward $100 4h ago · Brent via Strait of Hormuz Disruption Risk Taipower Files Maanshan Restart Plan as JKM Holds Above $27 on Asian LNG Pressure 10h ago · JKM via Strait of Hormuz Disruption Risk ICE Brent Retreats Below $100 but Gas and Power Costs Hold Elevated Across Asia and Europe 6h ago · Brent via Strait of Hormuz Disruption Risk Europe's jet fuel shortfall of 510,000 bpd is widening while crude prices drift lower 3h ago · WTI same desk

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