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Vitol CEO warns China’s crude imports face 5 million-barrel-per-day gap

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  • Russell Hardy warned that China’s reduced crude imports cannot continue indefinitely.
  • China’s imports fell from roughly 11.6 million bpd in 2025 to 6.07 million bpd in May-June 2026.
  • China drew commercial and strategic petroleum reserves at rates exceeding 1 million bpd.
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