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'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies
Source: CNBC
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War
China's crude stockpiling and reduced oil purchases following the outbreak of war in late February helped cushion global energy markets and avert a more severe energy crisis. The shift in Chinese demand provided an offset to supply disruptions and elevated geopolitical risk.
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