Launceston, Australia — China is inadvertently helping to ease tightness in the crude oil market through declining imports and by favouring cargoes from exporters being shunned by much of the rest of the world.

China, the world’s largest oil importer, seems set for another soft outcome in August, with Refinitiv Oil Research estimating arrivals of 8.33-million barrels per day (bpd). This would be below the official customs data figure of 8.79-million bpd in July and 8.72-million bpd in June...

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