EconomyEnergy
China's Oil Import Slump Signals Deeper Demand Reset
China's crude oil imports plunged 41.3% in June to a near-decade low, driven by the U.S.-Iran war, rapid EV adoption, and strategic reserve management.
—4 min read
Tag
#Crude Oil
3 articles
EconomyPolitics
Treasury Warns Gas Stations in Price Gouging Probe
Treasury Secretary Scott Bessent warns gas stations to lower prices as crude oil plummets, launching a price gouging probe. Trump demands $2.50/gallon.
—5 min read
BusinessEnergy
Oil Prices Hit Four-Month Lows as Hormuz Traffic Recovers
Oil prices dropped to four-month lows as tanker traffic through the Strait of Hormuz recovers to 25% of pre-war levels after the U.S.-Iran peace deal.
—4 min read