China's June oil throughput hits lowest level since pandemic on Iran war woes

China's crude oil processing in June reached its lowest point since the pandemic began. This decline occurred as global supply tightened and domestic demand weakened significantly. Refinery throughput fell substantially from the previous year, impacting overall production levels. Crude oil output also saw a slight decrease year-on-year during the first half. Natural gas production, however, experienced a modest increase over the same period.