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Market Impact: 0.48
China Crude Comeback Loses Steam as Iran War Enters Eighth Month
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarEmerging Markets
China's nascent oil-demand recovery is faltering as Middle East conflict and constrained Iranian supply keep crude prices too high for private refiners. Analysts are trimming near-term demand forecasts, creating a downside risk for Chinese refining activity and global crude-demand expectations.
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