China’s crude oil throughput in June rose 8.5% from a year earlier, official data showed on Tuesday, as state-owned refineries increased operations and saw a recovery in profit, according to consultancies.

This rebound in activity signals a robust operational phase for the country's refining sector, with further strength anticipated in the coming months.

China accounted for 5.89% of all U.S. trade in May, its lowest percentage in decades. Trump’s tariffs or trade trickery? It’s hard to dispute it’s a remarkable shift.

Oil prices dipped slightly during Tuesday’s early trading hours in Asia as markets absorbed two major geopolitical and economic developments: a fresh ultimatum from U.S. President Donald Trump to Russia over the war in Ukraine and a mixed batch of second-quarter economic data out of China.

China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel.

China’s oil refinery throughput rebounded strongly in June as refiners returned from maintenance and captured improved fuel margins, driving bullish sentiment in global oil markets.

The suction caissons – developed under the Made in China 2025 project – will be used to secure deep-sea oil platforms in Brazil.

Oil prices rose on Monday to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while more oil imports by China also offered support along with signs of tighter supply.