China to reemerge as a major oil buyer in August, JPMorgan says. Here are its top picks

A pullback in oil imports by the world's largest oil importer has helped absorb the global energy shock and cap the surge in oil prices since the war began. The move implies reduced demand from a major marginal buyer, which has supported broader energy market stability despite geopolitical disruptions.

Analysis

A pullback in oil imports by the world's largest oil importer has helped absorb the global energy shock and cap the surge in oil prices since the war began. The move implies reduced demand from a major marginal buyer, which has supported broader energy market stability despite geopolitical disruptions.