03-07-2025
China Shuns US Oil for Longest Stretch Since 2018
China avoided purchasing US crude for the third straight month — the longest stretch since 2018 — delivering a fresh blow to shale drillers already facing lower oil prices.
The world's biggest oil importer bought no American crude in May, according to US Census data released Thursday, following zero purchases in both March and April as a trade dispute between the largest global economies roiled markets. The absence of Chinese buying sent US overseas oil sales tumbling to the lowest in two years.
