China’s Oil Imports From Iran Set To Hit Decade-High In August

China is expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the highest since 2013, per estimates from data intelligence firm Kpler cited by Bloomberg. During the period January to July 2023, China received on average 917,000 bpd of oil from Iran, according to Kpler’s estimates.   The world’s largest crude oil importer, China, has been ramping up purchases of cheaper Iranian crude this year as competition with India for cheap Russian crude supply has intensified. Earlier this year,…